Somewhat Positive News Coverage Somewhat Unlikely to Impact Summit Midstream Partners (SMLP) Stock Price

News stories about Summit Midstream Partners (NYSE:SMLP) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Summit Midstream Partners earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 47.0231287277745 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Summit Midstream Partners (NYSE SMLP) opened at $22.05 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $1,610.00, a PE ratio of 15.10 and a beta of 1.65. Summit Midstream Partners has a 1-year low of $18.30 and a 1-year high of $26.50.

A number of brokerages have recently issued reports on SMLP. Credit Suisse Group began coverage on shares of Summit Midstream Partners in a report on Thursday. They set an “outperform” rating on the stock. ValuEngine raised shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub raised shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.50.

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Summit Midstream Partners Company Profile

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

Insider Buying and Selling by Quarter for Summit Midstream Partners (NYSE:SMLP)

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