Summit Midstream (SMC) Stock Price, News & Analysis

Company Overview

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.

Key Stats

• Today's Range: $33.29 to $35.00
• 50-Day Range: $33.35 to $38.10
• 52-Week Range: $15.56 to $40.75
• Volume: 63,974 shs
• Average Volume: 65,257 shs
• Market Capitalization: $356.53 million
• P/E Ratio: 5.43
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

SMC Stock Analysis - Frequently Asked Questions

How have SMC shares performed this year?

Summit Midstream's stock was trading at $36.70 on January 1st, 2024. Since then, SMC shares have decreased by 8.8% and is now trading at $33.48.
View the best growth stocks for 2024 here.

How were Summit Midstream's earnings last quarter?

Summit Midstream Corporation (NYSE:SMC) issued its quarterly earnings data on Thursday, August, 8th. The company reported ($1.86) earnings per share for the quarter. The company had revenue of $101.32 million for the quarter. Summit Midstream had a net margin of 20.89% and a trailing twelve-month return on equity of 24.03%.

Who are Summit Midstream's major shareholders?

Summit Midstream's top institutional investors include Fractal Investments LLC (0.42%) and Valeo Financial Advisors LLC (0.14%).

How do I buy shares of Summit Midstream?

Shares of SMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Summit Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Summit Midstream investors own include Financial Select Sector SPDR Fund (XLF), Energy Select Sector SPDR Fund (XLE), Select Water Solutions (WTTR), Pfizer (PFE), Ramaco Resources (METCB) and Ramaco Resources (METC).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/02/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: N/A
• Current Symbol: NYSE:SMC
• CUSIP: N/A
• CIK: 2024218
• Web: www.summitmidstream.com
• Phone: (832) 413-4770
• Fax: N/A
• Employees: 244
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $6.17
• Trailing P/E Ratio: 5.41
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-38,950,000.00
• Net Margins: 20.89%
• Pretax Margin: 13.10%
• Return on Equity: 24.03%
• Return on Assets: 7.02%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 1.33
• Quick Ratio: 1.33

Sales & Book Value

• Annual Sales: $468.70 million
• Price / Sales: 0.76
• Cash Flow: $9.79 per share
• Price / Cash Flow: 3.42
• Book Value: $59.91 per share
• Price / Book: 0.56

Miscellaneous

• Outstanding Shares: 10,649,000
• Free Float: 10,085,000
• Market Cap: $356.53 million
• Optionable: N/A
• Beta: 2.35