Stock To Watch: Summit Midstream Partners, LP (NYSE:SMLP)


The leading market experts have placed a mean price target of $22.35 on Summit Midstream Partners, LP (NYSE:SMLP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.16 a share for the upcoming quarter and $0.41 for the current fiscal. Technical View The technical analysis of Summit Midstream Partners, LP C plainly substantiates that the 50-day moving average of Summit Midstream Partners, LP C is $22.38, and stock is hovering 0.32 or +1.41% distant from $22.38. It is noted that the 200-day MA is $18.87, and Summit Midstream Partners, LP C stock is $3.83 or +20.32% off from this point. Summit Midstream Partners, LP (NYSE:SMLP) 52-week high is $31.36 and the 52-week low is $11.06. This explains if the stock moves $-8.66, it will post a 52-week high. In event of $+105.24% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Summit Midstream Partners, LP C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Summit Midstream Partners, LP (NYSE:SMLP) ratio came in at N/A. The stock last ended the trading session at $22.70 and registered a market cap of $1.51B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Summit Midstream Partners, LP (NYSE:SMLP) PEG ratio is at 11.07.

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