SMLP:NYE-Summit Midstream Partners, LP

COMMON STOCK | Oil & Gas Midstream | NYE

Last Closing Price

USD 5.51

Change

-0.02 (-0.36)%

Market Cap

USD 0.38B

Volume

0.26M

Average Target Price

USD 7.25 (+31.58%)
Average Analyst Rating

Verdict

STA Verdict

Verdict

About

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Appalachian Basin, which comprise the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in northeastern Colorado; the northern Delaware Basin that comprise the Wolfcamp and Bone Spring formations, in southeastern New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the Fort Worth Basin that comprises the Barnett Shale formation in north-central Texas. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization infrastructure in the Utica Shale in Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is headquartered in The Woodlands, Texas.

Market Stats

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-09-17 )

Largest Industry Peers for Oil & Gas Midstream

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CEQP-P Crestwood Equity Partners LP

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N/A 3.16 11.97
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EPD Enterprise Products Partners L..

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USD 61.90B 12.35 11.45
TRP TC Energy Corporation

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USD 47.68B 18.43 -96.47
KMI Kinder Morgan, Inc

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USD 45.57B 20.31 13.18
ET Energy Transfer LP

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USD 35.23B 10.99 9.10
ETP-PE Energy Transfer Operating, L.P

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USD 29.18B N/A 0.00
MPLX MPLX LP

+0.18 (+0.62%)

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OKE ONEOK, Inc

+0.37 (+0.49%)

USD 28.90B 23.60 17.22
WMB The Williams Companies, Inc

+0.01 (+0.04%)

USD 28.15B 536.36 13.93

ETFs Containing SMLP

Symbol Name Weight Mer Price(Change) Market Cap
MLPJ 0.00 % 0.88 %

N/A

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas Midstream)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -45.17% 7% F 3% F
Dividend Return 11.44% 100% A+ 99% A+
Total Return -33.73% 7% F 4% F
Trailing 12 Months  
Capital Gain -65.35% 5% F 2% F
Dividend Return 10.85% 98% A+ 98% A+
Total Return -54.50% 5% F 4% F
Trailing 5 Years  
Capital Gain -89.08% 3% F 3% F
Dividend Return 21.53% 52% F 72% C-
Total Return -67.55% 6% F 7% F
Average Annual (5 Year Horizon)  
Capital Gain -21.17% 5% F 4% F
Dividend Return 10.26% 98% A+ 97% A+
Total Return -10.91% 7% F 8% F
Risk Return Profile  
Volatility (Standard Deviation) 33.98% 27% F 15% F
Risk Adjusted Return -32.10% 20% F 14% F
Market Capitalization 0.38B 4% F 40% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas Midstream)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 12.52 56% F 72% C-
Price/Book Ratio 0.49 96% A 90% A-
Price / Cash Flow Ratio 1.66 94% A 81% B-
EV/EBITDA 8.54 78% C+ 54% F
Management Effectiveness  
Return on Equity 5.46% 20% F 42% F
Return on Invested Capital 5.34% 24% F 44% F
Return on Assets 2.84% 20% F 53% F
Debt to Equity Ratio 139.38% 51% F 24% F
Technical Ratios  
Short Ratio 7.37 26% F 15% F
Short Percent 8.53% 17% F 52% F
Beta 1.35 22% F 21% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector