Economy

BidaskClub Upgrades Summit Midstream Partners, LP (SMLP) to Hold

Summit Midstream Partners had 23 analyst reports since August 7, 2015 according to SRatingsIntel. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on October, 25. On average, analysts anticipate that Noble Midstream Partners will post $2.95 EPS for the current year. About 384,705 shares traded or 66.33% up from the average. The firm earned "Neutral" rating on Tuesday, September 13 by Credit Suisse. Shares for $1.88M were sold by Brennan Troyen A on Tuesday, March 21. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. Enable Midstream Partners, "s revenue was up 18.3% on a year-over-year basis".

A number of equities analysts have commented on ENBL shares. US Capital Advisors raised shares of DCP Midstream Partners, from a "hold" rating to an "overweight" rating in a research note on Wednesday, May 24th.

Among 7 analysts covering DCP Midstream (DCP), 3 have Buy rating, 0 Sell and 4 Hold. Stifel Nicolaus maintained DCP Midstream LP (NYSE:DCP) rating on Thursday, July 13. Royal Bank Of Canada reissued a "hold" rating and issued a $18.00 price objective on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Below is a list of Summit Midstream Partners LP (NYSE:SMLP) latest ratings and price target changes. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. After $0.03 actual earnings per share reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -366.67% negative EPS growth. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of U.S. & global copyright laws. The stock declined 0.47% or $0.07 reaching $14.72 per share. 127,523 shares of the company traded hands. On Friday, January 15 the stock rating was downgraded by Wells Fargo to "Market Perform".

The company's P/E ratio is 10.68 and the market cap of the company is 614.09M. Investors of record on Tuesday, August 22nd were paid a dividend of $0.318 per share. The ex-dividend date was set for Wednesday the 2nd of August 2017. This represents a $1.27 annualized dividend and a dividend yield of 8.64%. Shell Midstream Partners, L.P.

Oppenheimer & Company Inc increased Crown Castle Intl Corp New (CCI) stake by 34.79% reported in 2016Q4 SEC filing. The firm now has $52.00 price objective on the stock. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $70,250. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. raised its stake in shares of Noble Midstream Partners by 181.4% in the fourth quarter. Moreover, Netols Asset Management Inc. has 1.7% invested in the company for 227,424 shares. Oppenheimer & Company Inc acquired 4,182 shares as Crown Castle Intl Corp New (CCI)'s stock rose 11.44%. Stifel Financial Corp acquired a new position in Summit Midstream Partners, during the first quarter worth $269,000. 731,822 shares of the company's stock were exchanged. Solaris Asset Management LLC bought a new stake in DCP Midstream Partners, during the second quarter worth about $140,000. SCHOTTENSTEIN ROBERT H sold $1.22 million worth of stock or 45,000 shares. Finally, TradeLink Capital LLC bought a new stake in DCP Midstream Partners, during the second quarter worth about $223,000. JPMorgan Chase & Co. now owns 2,004,167 shares of the pipeline company's stock valued at $33,450,000 after buying an additional 155,300 shares during the last quarter.

The company is so far trading up by 0.53%% since yesterday's close of 28.1. The Firm owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL's and Noble Energy's production in the Marcellus Shale in Pennsylvania and West Virginia. The Company's segments include Gathering Systems; Fresh Water Delivery, and investments in white cliffs and other.



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