Consider This Before Taking a Position in Summit Midstream Partners LP (SMLP)

By Kim Brooks • Tuesday, October 03 12:14 • Permanent Link

With gains of 20.6%, Summit Midstream Partners LP was one of the winners on Wall Street today. Its shares are now trading at $16.46 and have logged a -1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Summit Midstream Partners LP has moved 1.0% over the last year, and the S&P 500 logged a change of 13.0%
Its trailing earnings per share (EPS) is $-8.17
Summit Midstream Partners LP has a trailing 12 month Price to Earnings (P/E) ratio of -2.0 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $1.7 and its forward P/E ratio is 9.7
The company has a Price to Book (P/B) ratio of 0.27 in contrast to the S&P 500's average ratio of 2.95
Summit Midstream Partners LP is part of the Utilities sector, which has an average P/E ratio of 22.89 and an average P/B of 1.03
The company has a free cash flow of $63.9 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; 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 Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern 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 based in Houston, Texas.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.