Economy

Summit Midstream Partners, LP (NYSE:SMLP) Updated Broker Ratings

08/12/2016 - Summit Midstream Partners, LP was upgraded to "outperform" by analysts at Robert W. Baird. The firm is expected to issue its next earnings report on Thursday, October 26th. Analysts forecast that Magellan Midstream Partners L.P. will post $3.91 earnings per share for the current fiscal year.

The share price of Summit Midstream Partners, LP (NYSE:SMLP) was up +0.00% during the last day of trading, with a day high of 21.11.

Magellan Midstream Partners L.P. had a return on equity of 41.81% and a net margin of 34.63%. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $195.00 million. Its up 0.17% from 4.23M shares previously.

MMP has been the topic of a number of recent analyst reports. Analysts, on average, seem bullish as they suggest O is worth $1.2 more, giving a target price of $60.12 a share.

Among 2 analysts covering Destination XL Group (NASDAQ:DXLG), 2 have Buy rating, 0 Sell and 0 Hold. Scotiabank set a $94.00 target price on EQT Midstream Partners, and gave the company a "hold" rating in a report on Saturday, July 22nd. Barclays PLC cut Magellan Midstream Partners L.P. from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $88.00 to $77.00 in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Magellan Midstream Partners L.P. from a "sell" rating to a "hold" rating in a research report on Monday, July 24th. EQT Midstream Partners, presently has an average rating of "Hold" and a consensus target price of $89.50.

Several hedge funds have recently made changes to their positions in EQM.

Shares of Magellan Midstream Partners L.P. MMP share have plunged by -7.35% in percentage terms since the start of the year - and added 4.26% in the last month.

Magellan Midstream Partners L.P. has a 1-year low of $55.75 and a 1-year high of $81.70. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company's stock worth $36,630,000 after acquiring an additional 360,601 shares during the period. Finally, Infrastructure Capital Advisors LLC boosted its position in EnLink Midstream Partners, by 101.3% during the first quarter. The stock has "Buy" rating by Brean Capital on Thursday, August 20. Sequoia Financial Advisors LLC raised its position in Magellan Midstream Partners L.P.by 352.8% in the second quarter. Hedeker Wealth LLC now owns 7,200 shares of the company's stock valued at $547,000 after buying an additional 110 shares during the period.

Receive Antero Midstream Partners LP News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream Partners LP with MarketBeat.com's FREE daily email newsletter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer's stock valued at $63,872,000 after purchasing an additional 3,353,523 shares during the period. Institutional investors own 73.46% of the company's stock.

EQT Midstream Partners, (EQM) opened at 75.13 on Wednesday.

The stock's 50 day moving average is 32.89 and its 200 day moving average is 33.38. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 14.48 and a beta of 0.89. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Friday, February 3rd will be given a dividend of $0.855 per share. (NYSE:MMP) last posted its earnings results on Thursday, February 2nd. This represents a $3.56 dividend on an annualized basis and a dividend yield of 5.08%. This is a boost from Magellan Midstream Partners L.P.'s previous quarterly dividend of $0.84. Magellan Midstream Partners L.P.'s dividend payout ratio is 96.74%.

Michael Price decreased its stake in Enable Midstream Partners Lp (ENBL) by 45.45% based on its latest 2016Q4 regulatory filing with the SEC. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global trademark and copyright law. The SI to Dcp Midstream LP's float is 5.15%.



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