Summit Midstream Partners, LP (NYSE:SMLP) Updates On Dividend Release Date


On 2016-07-22, Summit Midstream Partners, LP (NYSE:SMLP) confirmed the dividend disbursement of $0.575 a share to shareholders as on record 2016-08-05. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-08-03.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Summit Midstream Partners, LP (NYSE:SMLP) paid a total of $0.575 per share in dividends. This figure stood at $0.575 a share in the same period a year ago indicating a deviation of 11.2745%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $24.428 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $33 and $15, respectively.

Taking the mathematical rating formula, the price for Summit Midstream Partners, LP (NYSE:SMLP) stands at 2. Earnings Review Summit Midstream Partners, LP (NYSE:SMLP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-14. For the period ending on 2016-09-30, experts are expecting EPS of $0.12.

Coming to the quarter ending on 2015-12-31, Summit Midstream Partners, LP (NYSE:SMLP) recorded EPS of $0.06. The reported numbers came lower than the analysts’ estimates of $0.03, demonstrating a miss of $0.03 as against reported figures.

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