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


The leading market experts have placed a mean price target of $23.96 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 $0.18 a share for the upcoming quarter and $0.17 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 $23.12, and stock is trading $1.88 points away or +8.15% from its 50-day moving average of $23.12. Further it is trading $4.68 or +23.03% away its 200-day moving average of $20.32. Summit Midstream Partners, LP (NYSE:SMLP) 52-week high is $25.10 and the 52-week low is $11.06.

This explains if the stock moves $-0.10, it will post a 52-week high. In event of +126.04% 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 $25.00 and registered a market cap of $1.66B. 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 29.31.

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