Monday, 20 August, 2018

How Many Summit Midstream Partners LP (NYSE:SMLP)'s Analysts Are Bearish?

Noble Midstream Partners Leads in Total Returns among MLPs How Many Summit Midstream Partners LP (NYSE:SMLP)'s Analysts Are Bearish?
Sherri Watson | 19 October, 2017, 01:09

With an institutional ownership near 74.8%, it carries an earnings per share ratio of 2.31. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. It is negative, as 8 investors sold Summit Midstream Partners LP shares while 16 reduced holdings. Icon Advisers Inc Co owns 291,627 shares or 0.21% of their U.S. portfolio. We see here that EnLink Midstream, LLC (NYSE:ENLC) is -2.83% away from the 20-Day Simple Moving Average.

Enable Midstream Partners LP, launched on October 12, 1993, owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. It has underperformed by 14.11% the S&P500. Investors might consider the stock as a long term growth candidate as the firm has yielded 22.60% earnings per share growth over the past 5 years and 46.30% revenue growth over that same time frame. SHLX's profit would be $65.31M giving it 18.99 P/E if the $0.35 EPS is correct. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. About 16,465 shares traded or 271.84% up from the average. It is down 3.30% since October 18, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.29, from 1.17 in 2017Q1. 10 funds opened positions while 22 raised stakes. 131.72 million shares or 0.48% less from 132.35 million shares in 2017Q1 were reported. Raymond James Financial Services Advisors Inc bought 48,095 shares as the company's stock rose 10.88% with the market. The Illinois-based Archford Capital Strategies Limited Liability Company has invested 0.03% in Facebook Inc (NASDAQ:FB).

Karpus Management Inc. holds 1.37% of its portfolio in MFS Investment Grade Municipal Trust for 2.67 million shares. Sfmg Limited Co accumulated 0.74% or 49,802 shares. Toronto Dominion Bancorp has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Laffer Investments reported 39,595 shares or 0% of all its holdings.

Arclight Capital Partners Llc decreased its stake in Enable Midstream Partners Lp (ENBL) by 0.74% based on its latest 2017Q2 regulatory filing with the SEC. The stock of CONE Midstream Partners LP (NYSE:CNNX) has "Neutral" rating given on Tuesday, September 13 by Credit Suisse. Capstone Asset Management owns 125,770 shares or 0.23% of their USA portfolio. Endurance Wealth Mgmt Inc accumulated 3,100 shares or 0.01% of the stock. Cadence Cap Management Limited Liability Company invested 0.41% in Facebook Inc (NASDAQ:FB). Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.21% in Summit Midstream Partners LP (NYSE:SMLP). Credit Suisse Ag has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Equity analyst JP Morgan began coverage of OMP with a rating of "Buy". Therefore 45% are positive. Martin Midstream Partners LP had 12 analyst reports since September 21, 2015 according to SRatingsIntel. Wells Fargo downgraded Summit Midstream Partners LP (NYSE:SMLP) on Friday, January 15 to "Market Perform" rating. On Tuesday, May 24 the stock rating was initiated by Credit Suisse with "Neutral". As per Wednesday, September 9, the company rating was maintained by Macquarie Research. The firm earned "Buy" rating on Thursday, August 18 by Stifel Nicolaus. The rating was upgraded by Stifel Nicolaus to "Buy" on Wednesday, September 14.

Citigroup began coverage by announcing an initial rating of "Buy". Mizuho initiated the stock with "Buy" rating in Friday, September 30 report. The rating was upgraded by Drexel Hamilton to "Buy" on Thursday, February 16. RBC Capital Markets has "Hold" rating and $80.0 target.

Since May 1, 2017, it had 0 insider buys, and 8 sales for $1.04 billion activity. Shares for $93,440 were sold by Zay Richard H. The stock's market capitalization is 1.03B, it has a 52-week low of 15.77 and a 52-week high of 25.56.

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