Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Summit Midstream Partners LP (NASDAQ:SMLP) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Summit Midstream Partners LP (NASDAQ:SMLP) opened at 34.19 on Wednesday. Summit Midstream Partners LP has a 1-year low of $18.67 and a 1-year high of $36.73. The stock has a 50-day moving average of $33. and a 200-day moving average of $33.34. The company has a market cap of $1.829 billion and a price-to-earnings ratio of 91.64.
Summit Midstream Partners LP (NASDAQ:SMLP) last released its earnings data on Friday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.17. The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $65.84 million. Analysts expect that Summit Midstream Partners LP will post $1.00 EPS for the current fiscal year.
SMLP has been the subject of a number of other recent research reports. Analysts at Robert W. Baird upgraded shares of Summit Midstream Partners LP from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, November 21st. Analysts at Zacks upgraded shares of Summit Midstream Partners LP from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $33.40 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.68.
Summit Midstream Partners, LP is engaged in owning and operating midstream energy infrastructure that is located in North America.
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