Summit Midstream Partners (SMLP) Set to Announce Earnings on Friday

Summit Midstream Partners (NYSE:SMLP) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Individual interested in participating in the company’s earnings conference call can do so using this link.

Summit Midstream Partners (NYSE:SMLP) last issued its quarterly earnings data on Friday, March 15th. The pipeline company reported ($1.29) earnings per share (EPS) for the quarter. Summit Midstream Partners had a negative return on equity of 4.72% and a negative net margin of 8.49%. The business had revenue of $127.32 million for the quarter.

Summit Midstream Partners Stock Performance

Shares of SMLP stock opened at $27.64 on Thursday. Summit Midstream Partners has a 12-month low of $13.00 and a 12-month high of $29.54. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $288.01 million, a price-to-earnings ratio of -4.52 and a beta of 2.33. The business has a 50 day simple moving average of $24.53 and a 200 day simple moving average of $20.27.

Insiders Place Their Bets

In other news, insider James David Johnston sold 3,300 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $20.25, for a total transaction of $66,825.00. Following the transaction, the insider now directly owns 22,850 shares of the company’s stock, valued at $462,712.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 8,000 shares of company stock worth $179,459. 5.30% of the stock is owned by company insiders.

Summit Midstream Partners Company Profile

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 and freshwater delivery services.