Summit Midstream (SMLP) Downgraded to "Sell" at ValuEngine

Summit Midstream (SMLP) Downgraded to "Sell" at ValuEngine

Andrew Cummings
April 19, 2018

The company has market cap of $492.66 billion. About 160,893 shares traded. SunTrust Banks set a $24.00 target price on Summit Midstream and gave the company a hold rating in a research report on Monday, January 29th. It has underperformed by 11.55% the S&P500.

One of the trending stocks on Tuesday was Xcel Energy Inc. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 140,795 shares of the company's stock worth $5,069,000 after buying an additional 27,438 shares during the period. The company has market cap of $4.24 billion. The stock price volatility for last week at the close of regular trading was 3.35%, pushing the figure for the whole month to now reaching 2.5%. About 478,195 shares traded. Whirlpool Corp now has $10.95B valuation. Considering that the stock recent volume of 243112 shares, this represents a noteworthy trading in volume size.

Since November 15, 2017, it had 0 insider purchases, and 7 insider sales for $6.85 million activity. Starr Jeffrey sold $120,307 worth of BankUnited, Inc.

NYSE:RMP opened at $18.72 on Monday. 1,000 shares were sold by Matthews Louise E, worth $14,550. On Friday, February 23 the insider CALDWELL BARRY H sold $1.16 million. It is negative, as 21 investors sold UDR shares while 113 reduced holdings. 856 Waste Management, Inc.

Analysts expect BankUnited, Inc.

Analysts await Antero Midstream GP LP (NYSE:AMGP) to report earnings on May, 8. The company's revenue for the quarter was up 31.3% compared to the same quarter last year. equities analysts predict that Enable Midstream Partners will post 0.93 EPS for the current fiscal year. ENBL's profit would be $90.85M giving it 16.54 P/E if the $0.21 EPS is correct. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.05.

Investors sentiment increased to 1.24 in Q4 2017. Its down 0.57, from 1.62 in 2017Q3. Westwood Holdings Gru Incorporated invested in 0.08% or 346,420 shares. 12 funds opened positions while 19 raised stakes. 518.42 million shares or 0.36% less from 520.27 million shares in 2017Q3 were reported. First Tru Advisors L P holds 0.02% or 415,255 shares in its portfolio. Architects Inc holds 0.02% or 1,732 shares. Presently, Summit Midstream Partners LP (SMLP) has a 14-day Commodity Channel Index (CCI) of 166.98. Heading back 6 months, shares have seen moved -26.29%. Whittier Tru Of Nevada Inc holds 100 shares. Pittenger Anderson accumulated 78,455 shares or 0.59% of the stock. The Manufacturers Life Insurance Company increased its position in Enable Midstream Partners by 8.0% during the second quarter. Evergreen Capital Mgmt Ltd Liability Corporation reported 360,800 shares. Clearbridge Limited Liability Company, New York-based fund reported 753,610 shares. The share price volatility of the stock remained at 1.73% for the month and by reducing the timeframe to just a week, the volatility stood at 1.75%. National Bank & Trust Of America De stated it has 0% in Summit Midstream Partners, LP (NYSE:SMLP). Moreover, Commercial Bank Of Nova Scotia has 0.12% invested in McDonald's Corporation (NYSE:MCD).

Among 15 analysts covering EQT Midstream Partners (NYSE:EQM), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 44% are positive. BP Midstream had 14 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, December 21 by Robert W. Baird. Green Street Investors Llc bought 19,200 shares as the company's stock declined 9.07% with the market. The stock of Waste Management, Inc. The rating was downgraded by Goldman Sachs on Friday, March 11 to "Neutral".

Botty Investors Llc decreased Magellan Midstream P Lp (MMP) stake by 45.98% reported in 2017Q4 SEC filing. RBC Capital Markets maintained the shares of EQM in report on Tuesday, January 16 with "Buy" rating. They set an "outperform" rating and a $22.00 price target on the stock. As per Friday, October 13, the company rating was maintained by BMO Capital Markets.

In an overview of the current analyst recommendations, Buy count is 5 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. ENBL's profit will be $95.17M for 15.73 P/E if the $0.22 EPS becomes a reality.

Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin.

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