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Summit Midstream Partners LP
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Let's analyse Summit Midstream Partners LP together

PenkeI guess you are interested in Summit Midstream Partners LP. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Summit Midstream Partners LP. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Summit Midstream Partners LP (30 sec.)










What can you expect buying and holding a share of Summit Midstream Partners LP? (30 sec.)

How much money do you get?

How much money do you get?
$0.47
When do you have the money?
1 year
How often do you get paid?
82.5%

What is your share worth?

Current worth
$81.26
Expected worth in 1 year
$88.82
How sure are you?
55.0%

+ What do you gain per year?

Total Gains per Share
$8.03
Return On Investment
28.3%

For what price can you sell your share?

Current Price per Share
$28.35
Expected price per share
$21.49 - $
How sure are you?
50%

1. Valuation of Summit Midstream Partners LP (5 min.)




Live pricePrice per Share (EOD)

$28.35

Intrinsic Value Per Share

$-55.04 - $789.66

Total Value Per Share

$26.22 - $870.93

2. Growth of Summit Midstream Partners LP (5 min.)




Is Summit Midstream Partners LP growing?

Current yearPrevious yearGrowGrow %
How rich?$843.2m$814m-$48.2m-6.3%

How much money is Summit Midstream Partners LP making?

Current yearPrevious yearGrowGrow %
Making money-$10.9m-$35.4m$24.4m222.9%
Net Profit Margin-9.9%-37.3%--

How much money comes from the company's main activities?

3. Financial Health of Summit Midstream Partners LP (5 min.)




4. Comparing to competitors in the Oil & Gas Midstream industry (5 min.)




  Industry Rankings (Oil & Gas Midstream)  


Richest
#45 / 72

Most Revenue
#51 / 72

Most Profit
#71 / 72

What can you expect buying and holding a share of Summit Midstream Partners LP? (5 min.)

Welcome investor! Summit Midstream Partners LP's management wants to use your money to grow the business. In return you get a share of Summit Midstream Partners LP.

What can you expect buying and holding a share of Summit Midstream Partners LP?

First you should know what it really means to hold a share of Summit Midstream Partners LP. And how you can make/lose money.

Speculation

The Price per Share of Summit Midstream Partners LP is $28.35. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Summit Midstream Partners LP.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Summit Midstream Partners LP, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $81.26. Based on the TTM, the Book Value Change Per Share is $1.89 per quarter. Based on the YOY, the Book Value Change Per Share is $-3.36 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.12 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Summit Midstream Partners LP.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-1.46-5.1%-1.22-4.3%-3.31-11.7%-1.95-6.9%-1.35-4.8%
Usd Book Value Change Per Share10.3336.5%1.896.7%-3.36-11.9%-1.82-6.4%-0.30-1.1%
Usd Dividend Per Share0.000.0%0.120.4%0.080.3%1.083.8%2.549.0%
Usd Total Gains Per Share10.3336.5%2.017.1%-3.28-11.6%-0.74-2.6%2.247.9%
Usd Price Per Share17.91-15.84-14.83-13.72-19.69-
Price to Earnings Ratio-3.07--5.27--3.40-0.34-4.51-
Price-to-Total Gains Ratio1.73-5.40--11.73--0.78--61.69-
Price to Book Ratio0.22-0.21-0.19-0.17-0.20-
Price-to-Total Gains Ratio1.73-5.40--11.73--0.78--61.69-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share28.35
Number of shares35
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.121.08
Usd Book Value Change Per Share1.89-1.82
Usd Total Gains Per Share2.01-0.74
Gains per Quarter (35 shares)70.23-26.06
Gains per Year (35 shares)280.92-104.25
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
116264271151-255-114
233529552302-510-218
349793833452-765-322
46610581114603-1020-426
58213221395754-1275-530
69915871676905-1530-634
7115185119571055-1785-738
8132211622381206-2040-842
9148238025191357-2295-946
10165264428001508-2550-1050

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%2.010.00.016.7%7.013.00.035.0%19.021.00.047.5%30.021.00.058.8%
Book Value Change Per Share2.02.00.050.0%4.08.00.033.3%7.013.00.035.0%14.026.00.035.0%19.031.01.037.3%
Dividend per Share3.00.01.075.0%6.00.06.050.0%13.00.07.065.0%33.00.07.082.5%39.00.012.076.5%
Total Gains per Share2.02.00.050.0%4.08.00.033.3%9.011.00.045.0%22.018.00.055.0%30.020.01.058.8%

Fundamentals of Summit Midstream Partners LP

About Summit Midstream Partners LP

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering and freshwater delivery services. Its assets include Summit Utica system comprising the Utica and Point Pleasant shale formations in southeastern Ohio; Mountaineer Midstream system that includes the Marcellus shale in the Appalachian Basin in West Virginia; Polar and Divide system includes the Bakken and Three Forks shale formations in northwestern North Dakota; Niobrara G&P system, which comprises the Niobrara and Codell shale formations located near Hereford, Colorado. The company's assets also include Double E, a 135 mile interstate natural gas transmission pipeline; Grand River system that gathers natural gas produced from the Mancos and Niobrara shale formations in western Colorado; and DFW Midstream system comprising the Barnett Shale formation located in north-central Texas. In addition, it owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is based in Houston, Texas.

Fundamental data was last updated by Penke on 2024-03-18 19:24:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Summit Midstream Partners LP.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Summit Midstream Partners LP earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • A Net Profit Margin of -11.9% means that $-0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Summit Midstream Partners LP:

  • The MRQ is -11.9%. The company is making a huge loss. -2
  • The TTM is -9.9%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-11.9%TTM-9.9%-2.0%
TTM-9.9%YOY-37.3%+27.4%
TTM-9.9%5Y-16.6%+6.7%
5Y-16.6%10Y-12.2%-4.4%
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ-11.9%28.3%-40.2%
TTM-9.9%19.1%-29.0%
YOY-37.3%14.5%-51.8%
5Y-16.6%13.0%-29.6%
10Y-12.2%7.9%-20.1%
1.1.2. Return on Assets

Shows how efficient Summit Midstream Partners LP is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • -0.6% Return on Assets means that Summit Midstream Partners LP generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Summit Midstream Partners LP:

  • The MRQ is -0.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.6%TTM-0.4%-0.2%
TTM-0.4%YOY-1.5%+1.1%
TTM-0.4%5Y-0.8%+0.3%
5Y-0.8%10Y-0.6%-0.2%
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.6%1.7%-2.3%
TTM-0.4%1.4%-1.8%
YOY-1.5%1.4%-2.9%
5Y-0.8%1.1%-1.9%
10Y-0.6%0.9%-1.5%
1.1.3. Return on Equity

Shows how efficient Summit Midstream Partners LP is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • -1.8% Return on Equity means Summit Midstream Partners LP generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Summit Midstream Partners LP:

  • The MRQ is -1.8%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.8%TTM-1.3%-0.5%
TTM-1.3%YOY-3.9%+2.6%
TTM-1.3%5Y-2.4%+1.1%
5Y-2.4%10Y-1.6%-0.8%
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.8%4.4%-6.2%
TTM-1.3%3.6%-4.9%
YOY-3.9%3.8%-7.7%
5Y-2.4%2.3%-4.7%
10Y-1.6%2.0%-3.6%

1.2. Operating Efficiency of Summit Midstream Partners LP.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Summit Midstream Partners LP is operating .

  • Measures how much profit Summit Midstream Partners LP makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • An Operating Margin of 19.7% means the company generated $0.20  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Summit Midstream Partners LP:

  • The MRQ is 19.7%. The company is operating efficient. +1
  • The TTM is -1.0%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ19.7%TTM-1.0%+20.8%
TTM-1.0%YOY-6.8%+5.8%
TTM-1.0%5Y4.4%-5.4%
5Y4.4%10Y10.6%-6.2%
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ19.7%29.4%-9.7%
TTM-1.0%20.7%-21.7%
YOY-6.8%19.2%-26.0%
5Y4.4%21.0%-16.6%
10Y10.6%17.1%-6.5%
1.2.2. Operating Ratio

Measures how efficient Summit Midstream Partners LP is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Midstream industry mean).
  • An Operation Ratio of 0.80 means that the operating costs are $0.80 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Summit Midstream Partners LP:

  • The MRQ is 0.803. The company is less efficient in keeping operating costs low.
  • The TTM is 0.830. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.803TTM0.830-0.027
TTM0.830YOY0.899-0.070
TTM0.8305Y0.826+0.004
5Y0.82610Y0.769+0.056
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8030.915-0.112
TTM0.8300.927-0.097
YOY0.8990.902-0.003
5Y0.8260.898-0.072
10Y0.7690.901-0.132

1.3. Liquidity of Summit Midstream Partners LP.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Summit Midstream Partners LP is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas Midstream industry mean).
  • A Current Ratio of 0.73 means the company has $0.73 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Summit Midstream Partners LP:

  • The MRQ is 0.734. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.727. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.734TTM0.727+0.007
TTM0.727YOY0.832-0.105
TTM0.7275Y0.869-0.142
5Y0.86910Y1.057-0.187
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7340.996-0.262
TTM0.7271.087-0.360
YOY0.8321.016-0.184
5Y0.8691.031-0.162
10Y1.0571.150-0.093
1.3.2. Quick Ratio

Measures if Summit Midstream Partners LP is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • A Quick Ratio of 0.69 means the company can pay off $0.69 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Summit Midstream Partners LP:

  • The MRQ is 0.693. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.672. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.693TTM0.672+0.022
TTM0.672YOY0.745-0.073
TTM0.6725Y1.781-1.110
5Y1.78110Y1.486+0.295
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6930.629+0.064
TTM0.6720.688-0.016
YOY0.7450.805-0.060
5Y1.7810.846+0.935
10Y1.4860.847+0.639

1.4. Solvency of Summit Midstream Partners LP.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Summit Midstream Partners LP assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Summit Midstream Partners LP to Oil & Gas Midstream industry mean.
  • A Debt to Asset Ratio of 0.66 means that Summit Midstream Partners LP assets are financed with 66.2% credit (debt) and the remaining percentage (100% - 66.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Summit Midstream Partners LP:

  • The MRQ is 0.662. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.695. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.662TTM0.695-0.034
TTM0.695YOY0.660+0.035
TTM0.6955Y0.661+0.034
5Y0.66110Y0.601+0.060
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6620.516+0.146
TTM0.6950.524+0.171
YOY0.6600.550+0.110
5Y0.6610.544+0.117
10Y0.6010.541+0.060
1.4.2. Debt to Equity Ratio

Measures if Summit Midstream Partners LP is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • A Debt to Equity ratio of 195.8% means that company has $1.96 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Summit Midstream Partners LP:

  • The MRQ is 1.958. The company is just able to pay all its debts with equity.
  • The TTM is 2.043. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.958TTM2.043-0.085
TTM2.043YOY1.714+0.329
TTM2.0435Y1.811+0.232
5Y1.81110Y1.477+0.334
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9581.099+0.859
TTM2.0431.138+0.905
YOY1.7141.231+0.483
5Y1.8111.263+0.548
10Y1.4771.257+0.220

2. Market Valuation of Summit Midstream Partners LP

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Summit Midstream Partners LP generates.

  • Above 15 is considered overpriced but always compare Summit Midstream Partners LP to the Oil & Gas Midstream industry mean.
  • A PE ratio of -3.07 means the investor is paying $-3.07 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Summit Midstream Partners LP:

  • The EOD is -4.864. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.073. Based on the earnings, the company is expensive. -2
  • The TTM is -5.274. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.864MRQ-3.073-1.791
MRQ-3.073TTM-5.274+2.201
TTM-5.274YOY-3.400-1.874
TTM-5.2745Y0.336-5.610
5Y0.33610Y4.511-4.175
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
EOD-4.8648.868-13.732
MRQ-3.0738.276-11.349
TTM-5.2748.270-13.544
YOY-3.4008.011-11.411
5Y0.33611.809-11.473
10Y4.51113.102-8.591
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Summit Midstream Partners LP:

  • The EOD is 2.090. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.320. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.082. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.090MRQ1.320+0.770
MRQ1.320TTM0.082+1.238
TTM0.082YOY0.180-0.097
TTM0.0825Y0.384-0.302
5Y0.38410Y1.320-0.937
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
EOD2.0905.966-3.876
MRQ1.3205.923-4.603
TTM0.0825.337-5.255
YOY0.1805.430-5.250
5Y0.3843.861-3.477
10Y1.3203.830-2.510
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Summit Midstream Partners LP is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas Midstream industry mean).
  • A PB ratio of 0.22 means the investor is paying $0.22 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Summit Midstream Partners LP:

  • The EOD is 0.349. Based on the equity, the company is cheap. +2
  • The MRQ is 0.220. Based on the equity, the company is cheap. +2
  • The TTM is 0.214. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.349MRQ0.220+0.128
MRQ0.220TTM0.214+0.006
TTM0.214YOY0.190+0.024
TTM0.2145Y0.165+0.049
5Y0.16510Y0.200-0.034
Compared to industry (Oil & Gas Midstream)
PeriodCompanyIndustry (mean)+/- 
EOD0.3491.346-0.997
MRQ0.2201.262-1.042
TTM0.2141.214-1.000
YOY0.1901.104-0.914
5Y0.1651.020-0.855
10Y0.2001.204-1.004
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Summit Midstream Partners LP.

3.1. Institutions holding Summit Midstream Partners LP

Institutions are holding 44.947% of the shares of Summit Midstream Partners LP.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Amvescap Plc.8.77350.003991035200
2023-12-31Shenkman Capital Management Inc8.61461.146889386600
2023-12-31Goldman Sachs Group Inc5.59120.0009580150313335117.4353
2023-12-31Bank of America Corp4.21440.0008437295-20912-4.5639
2023-12-31Cqs (Us), LLC3.70270.6891384197-85342-18.1757
2023-12-31Ares Management LLC3.58150.1614371628250007.2123
2023-12-31JPMorgan Chase & Co2.70630.00052808145083522.1042
2023-12-31Nomura Holdings Inc2.14040.0108222089-2265-1.0096
2023-12-31Nomura Asset Management Co Ltd1.45380.0112150849-22592-13.0258
2023-12-31RidgeWorth Capital Management Inc1.043712.042810829300
2023-12-31Liberty Mutual Group Asset Management Inc.0.81760.43948484000
2023-12-31Farallon Capital Management, L.L.C.0.5610.00525821400
2023-12-31Blackstone Inc0.5590.00475800400
2023-12-31Wells Fargo & Co0.41370.0002429231687664.7906
2023-12-31Public Employees Retirement System Of Ohio0.2930.00223040000
2023-12-31AEGON USA Investment Management LLC0.25490.33832644800
2023-12-31Royal Bank of Canada0.19250.0001199697133.7027
2023-12-31Morgan Stanley - Brokerage Accounts0.157501634710495179.3404
2023-12-31Valeo Financial Advisors, LLC0.14550.01091509300
2023-12-31UBS Group AG0.14440.000114980387934.9428
Total 45.361214.86934706751+290022+6.2%

3.2. Funds holding Summit Midstream Partners LP

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Invesco SteelPath MLP Income Y7.11850.368873862900
2023-12-31Invesco SteelPath MLP Select 40 Y1.6550.166417172300
2024-01-31Nomura Fds US High Yield Bond I USD1.26760.074131526-20430-13.4447
2023-12-31Goldman Sachs High Yield Instl1.2240.120812700100
2023-12-31Seix Leveraged Loan1.04370.12610829300
2024-01-31Virtus Seix Floating Rate High Inc I1.04370.11510829300
2023-12-31Goldman Sachs Income Builder A0.83760.07188691500
2023-12-31Touchstone Ares Credit Opps I0.57820.2892600001500033.3333
2023-12-31American Century High Income Y0.43870.03834552100
2024-02-29SEI Multi-Asset Income F (SIMT)0.27430.08742845800
2023-12-31Goldman Sachs High Yield Fixed Income0.17370.1491802100
2023-12-31City National Rochdale Fxd Inc Opps N0.11040.01031145600
2023-10-31PACE High Yield P0.06670.07126921-4100-37.2017
2023-12-31Goldman Sachs Income P0.06190.1173642000
2024-01-31GlobalAccess Global Hi Yld Bd M Dis USD0.05180.03775379-1200-18.2399
2023-12-31Northern Multi-Manager Hi Yld Opp0.03450.03123576-449-11.1553
2024-02-29Unusual Whales Subversive Rep Trd ETF0.00130.025513200
2024-02-29Global X MLP ETF0.0010.000110000
Total 15.98261.91658364-11179-0.7%

3.3. Insider Transactions

Insiders are holding 4.294% of the shares of Summit Midstream Partners LP.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-03-06James David JohnstonSELL330020.25
2024-02-29James David JohnstonSELL70021.1
2023-11-08James David JohnstonSELL26020.03
2023-11-06James David JohnstonSELL81720.23
2023-11-02James David JohnstonSELL24120.05
2023-10-05James David JohnstonSELL256220.05
2023-06-15James David JohnstonSELL148717

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Summit Midstream Partners LP compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--10.3341.889+447%-3.362+133%-1.822+118%-0.303+103%
Book Value Per Share--81.26473.805+10%78.453+4%83.652-3%98.402-17%
Current Ratio--0.7340.727+1%0.832-12%0.869-16%1.057-31%
Debt To Asset Ratio--0.6620.695-5%0.660+0%0.661+0%0.601+10%
Debt To Equity Ratio--1.9582.043-4%1.714+14%1.811+8%1.477+33%
Dividend Per Share---0.118-100%0.078-100%1.077-100%2.544-100%
Eps---1.457-1.224-16%-3.309+127%-1.952+34%-1.352-7%
Free Cash Flow Per Share--3.3912.315+46%1.645+106%2.216+53%-0.520+115%
Free Cash Flow To Equity Per Share--3.3911.121+202%4.579-26%1.898+79%1.077+215%
Gross Profit Margin--1.0001.0000%1.0000%1.0010%1.0010%
Intrinsic Value_10Y_max--789.663--------
Intrinsic Value_10Y_min---55.043--------
Intrinsic Value_1Y_max--19.846--------
Intrinsic Value_1Y_min---2.681--------
Intrinsic Value_3Y_max--104.810--------
Intrinsic Value_3Y_min---10.558--------
Intrinsic Value_5Y_max--244.246--------
Intrinsic Value_5Y_min---21.118--------
Market Cap294165270.000+37%185837742.000164346037.750+13%153853105.500+21%142387248.857+31%204268908.239-9%
Net Profit Margin---0.119-0.099-17%-0.373+214%-0.166+40%-0.122+3%
Operating Margin--0.197-0.010+105%-0.068+135%0.044+349%0.106+85%
Operating Ratio--0.8030.830-3%0.899-11%0.826-3%0.769+4%
Pb Ratio0.349+37%0.2200.214+3%0.190+16%0.165+33%0.200+10%
Pe Ratio-4.864-58%-3.073-5.274+72%-3.400+11%0.336-1014%4.511-168%
Price Per Share28.350+37%17.91015.839+13%14.828+21%13.722+31%19.686-9%
Price To Free Cash Flow Ratio2.090+37%1.3200.082+1507%0.180+635%0.384+244%1.3200%
Price To Total Gains Ratio2.743+37%1.7335.403-68%-11.733+777%-0.782+145%-61.686+3659%
Quick Ratio--0.6930.672+3%0.745-7%1.781-61%1.486-53%
Return On Assets---0.006-0.004-28%-0.015+148%-0.008+26%-0.006-4%
Return On Equity---0.018-0.013-29%-0.039+117%-0.024+33%-0.016-10%
Total Gains Per Share--10.3342.007+415%-3.284+132%-0.745+107%2.241+361%
Usd Book Value--843215000.000765814500.000+10%814042000.000+4%867992750.000-3%1021042750.000-17%
Usd Book Value Change Per Share--10.3341.889+447%-3.362+133%-1.822+118%-0.303+103%
Usd Book Value Per Share--81.26473.805+10%78.453+4%83.652-3%98.402-17%
Usd Dividend Per Share---0.118-100%0.078-100%1.077-100%2.544-100%
Usd Eps---1.457-1.224-16%-3.309+127%-1.952+34%-1.352-7%
Usd Free Cash Flow--35189000.00024021250.000+46%17068000.000+106%22996650.000+53%-5395700.000+115%
Usd Free Cash Flow Per Share--3.3912.315+46%1.645+106%2.216+53%-0.520+115%
Usd Free Cash Flow To Equity Per Share--3.3911.121+202%4.579-26%1.898+79%1.077+215%
Usd Market Cap294165270.000+37%185837742.000164346037.750+13%153853105.500+21%142387248.857+31%204268908.239-9%
Usd Price Per Share28.350+37%17.91015.839+13%14.828+21%13.722+31%19.686-9%
Usd Profit---15118000.000-10964000.000-27%-35400500.000+134%-19230850.000+27%-12836550.000-15%
Usd Revenue--127318000.000114725750.000+11%92398500.000+38%102805800.000+24%103621075.000+23%
Usd Total Gains Per Share--10.3342.007+415%-3.284+132%-0.745+107%2.241+361%
 EOD+5 -3MRQTTM+22 -13YOY+23 -125Y+23 -1310Y+16 -20

4.2. Fundamental Score

Let's check the fundamental score of Summit Midstream Partners LP based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.864
Price to Book Ratio (EOD)Between0-10.349
Net Profit Margin (MRQ)Greater than0-0.119
Operating Margin (MRQ)Greater than00.197
Quick Ratio (MRQ)Greater than10.693
Current Ratio (MRQ)Greater than10.734
Debt to Asset Ratio (MRQ)Less than10.662
Debt to Equity Ratio (MRQ)Less than11.958
Return on Equity (MRQ)Greater than0.15-0.018
Return on Assets (MRQ)Greater than0.05-0.006
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Summit Midstream Partners LP based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5081.541
Ma 20Greater thanMa 5021.310
Ma 50Greater thanMa 10018.720
Ma 100Greater thanMa 20018.675
OpenGreater thanClose27.980
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. All numbers in thousands.

Summary
Total Assets2,494,198
Total Liabilities1,650,983
Total Stockholder Equity843,215
 As reported
Total Liabilities 1,650,983
Total Stockholder Equity+ 843,215
Total Assets = 2,494,198

Assets

Total Assets2,494,198
Total Current Assets98,422
Long-term Assets2,395,776
Total Current Assets
Cash And Cash Equivalents 16,645
Net Receivables 76,275
Other Current Assets 5,502
Total Current Assets  (as reported)98,422
Total Current Assets  (calculated)98,422
+/-0
Long-term Assets
Property Plant Equipment 1,698,585
Intangible Assets 175,592
Long-term Assets Other 35,165
Long-term Assets  (as reported)2,395,776
Long-term Assets  (calculated)1,909,342
+/- 486,434

Liabilities & Shareholders' Equity

Total Current Liabilities134,012
Long-term Liabilities1,516,971
Total Stockholder Equity843,215
Total Current Liabilities
Short-term Debt 15,524
Accounts payable 22,714
Other Current Liabilities 85,578
Total Current Liabilities  (as reported)134,012
Total Current Liabilities  (calculated)123,816
+/- 10,196
Long-term Liabilities
Long-term Liabilities  (as reported)1,516,971
Long-term Liabilities  (calculated)0
+/- 1,516,971
Total Stockholder Equity
Common Stock621,670
Total Stockholder Equity (as reported)843,215
Total Stockholder Equity (calculated)621,670
+/- 221,545
Other
Cash and Short Term Investments 16,645
Common Stock Shares Outstanding 10,376
Current Deferred Revenue10,196
Liabilities and Stockholders Equity 2,494,198
Net Debt 1,454,045
Net Working Capital -35,590
Short Long Term Debt Total 1,470,690



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302010-12-31
> Total Assets 
340,095
0
1,030,264
0
1,043,417
1,051,392
1,063,511
1,066,842
1,615,631
1,605,095
1,639,915
1,862,392
1,893,134
1,912,655
1,894,874
2,241,175
2,258,753
2,232,182
2,040,531
3,134,883
3,081,274
3,080,077
3,115,179
3,055,073
3,054,350
3,072,121
2,894,793
2,939,386
2,965,578
2,978,056
3,020,562
2,900,590
2,897,702
2,901,456
2,573,451
2,624,935
2,586,502
2,573,479
2,499,817
2,472,565
2,474,045
2,500,677
2,522,462
2,494,780
2,310,333
2,239,672
2,559,964
2,545,435
2,512,932
2,509,514
2,494,198
2,494,1982,509,5142,512,9322,545,4352,559,9642,239,6722,310,3332,494,7802,522,4622,500,6772,474,0452,472,5652,499,8172,573,4792,586,5022,624,9352,573,4512,901,4562,897,7022,900,5903,020,5622,978,0562,965,5782,939,3862,894,7933,072,1213,054,3503,055,0733,115,1793,080,0773,081,2743,134,8832,040,5312,232,1822,258,7532,241,1751,894,8741,912,6551,893,1341,862,3921,639,9151,605,0951,615,6311,066,8421,063,5111,051,3921,043,41701,030,2640340,095
   > Total Current Assets 
0
0
44,904
0
37,562
32,939
44,363
41,462
64,901
52,548
76,109
60,523
78,819
67,241
113,329
64,614
80,360
55,134
106,643
65,524
57,186
64,811
109,101
63,194
60,689
68,963
78,058
75,712
90,972
90,188
106,252
100,090
86,671
99,464
139,476
159,664
123,070
131,352
82,099
90,768
79,848
86,122
87,369
76,460
78,808
76,391
97,542
94,204
82,792
100,969
98,422
98,422100,96982,79294,20497,54276,39178,80876,46087,36986,12279,84890,76882,099131,352123,070159,664139,47699,46486,671100,090106,25290,18890,97275,71278,05868,96360,68963,194109,10164,81157,18665,524106,64355,13480,36064,614113,32967,24178,81960,52376,10952,54864,90141,46244,36332,93937,562044,90400
       Cash And Cash Equivalents 
9,421
0
15,462
0
7,595
4,747
7,895
2,817
30,123
15,283
18,764
10,404
23,430
14,133
26,428
13,154
26,973
5,459
19,411
13,087
6,743
7,597
7,428
6,285
2,588
2,911
1,430
3,366
8,212
370
4,345
5,300
535
5,050
32,340
67,694
36,571
50,272
15,544
16,233
7,211
5,505
7,349
8,559
12,367
10,450
11,808
22,631
13,613
17,097
16,645
16,64517,09713,61322,63111,80810,45012,3678,5597,3495,5057,21116,23315,54450,27236,57167,69432,3405,0505355,3004,3453708,2123,3661,4302,9112,5886,2857,4287,5976,74313,08719,4115,45926,97313,15426,42814,13323,43010,40418,76415,28330,1232,8177,8954,7477,595015,46209,421
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
389,088
392,740
394,405
433,440
481,985
0
0
0
0
0
0
0
0
0
000000000481,985433,440394,405392,740389,0880000000000000000000000000000000000000
       Net Receivables 
0
0
27,476
0
29,217
25,954
34,278
37,029
33,664
34,911
54,256
47,104
53,345
49,337
83,612
48,950
51,739
45,902
84,022
49,550
48,305
52,448
97,364
53,669
55,837
61,267
72,301
68,811
80,166
85,458
97,936
91,978
84,125
88,889
102,118
83,648
77,199
76,497
61,932
54,301
61,233
68,473
62,121
59,209
59,392
57,593
75,287
62,888
60,426
78,915
76,275
76,27578,91560,42662,88875,28757,59359,39259,20962,12168,47361,23354,30161,93276,49777,19983,648102,11888,88984,12591,97897,93685,45880,16668,81172,30161,26755,83753,66997,36452,44848,30549,55084,02245,90251,73948,95083,61249,33753,34547,10454,25634,91133,66437,02934,27825,95429,217027,47600
       Inventory 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,057
5,048
24
0
8,067
314
756
12,223
3,921
3,333
3,514
1,723
652
1,264
1,798
0
01,7981,2646521,7233,5143,3333,92112,2237563148,0670245,0484,05700000000000000000000000000000000000
   > Long-term Assets 
0
0
985,360
0
1,005,855
1,018,453
1,019,148
1,025,380
1,550,730
1,552,547
1,563,806
1,801,869
1,814,315
1,845,414
1,781,545
2,176,561
2,178,393
2,177,048
1,933,888
3,069,359
3,024,088
3,015,266
3,006,078
2,991,879
2,993,661
3,003,158
2,816,735
2,863,674
2,874,606
2,887,868
2,914,310
2,800,500
2,811,031
2,801,992
2,433,975
2,465,271
2,463,432
2,442,127
2,417,718
2,381,797
2,394,197
2,414,555
2,435,093
2,418,320
2,231,525
2,163,281
2,462,422
2,451,231
2,430,140
2,408,545
2,395,776
2,395,7762,408,5452,430,1402,451,2312,462,4222,163,2812,231,5252,418,3202,435,0932,414,5552,394,1972,381,7972,417,7182,442,1272,463,4322,465,2712,433,9752,801,9922,811,0312,800,5002,914,3102,887,8682,874,6062,863,6742,816,7353,003,1582,993,6612,991,8793,006,0783,015,2663,024,0883,069,3591,933,8882,177,0482,178,3932,176,5611,781,5451,845,4141,814,3151,801,8691,563,8061,552,5471,550,7301,025,3801,019,1481,018,4531,005,8550985,36000
       Property Plant Equipment 
277,765
0
638,190
0
660,203
672,820
681,993
691,718
1,000,488
957,555
980,341
1,177,156
1,198,727
1,235,100
1,235,652
1,426,143
1,438,798
1,448,548
1,463,802
1,833,765
1,846,147
1,853,058
1,853,671
1,854,083
1,859,953
1,884,569
1,795,129
1,858,312
1,887,759
1,911,630
1,963,713
1,873,929
1,878,851
1,899,281
1,882,251
1,869,882
1,855,889
1,840,284
1,817,546
1,788,222
1,768,897
1,748,174
1,726,082
1,706,146
1,531,450
1,477,051
1,718,754
1,712,494
1,703,967
1,695,459
1,698,585
1,698,5851,695,4591,703,9671,712,4941,718,7541,477,0511,531,4501,706,1461,726,0821,748,1741,768,8971,788,2221,817,5461,840,2841,855,8891,869,8821,882,2511,899,2811,878,8511,873,9291,963,7131,911,6301,887,7591,858,3121,795,1291,884,5691,859,9531,854,0831,853,6711,853,0581,846,1471,833,7651,463,8021,448,5481,438,7981,426,1431,235,6521,235,1001,198,7271,177,156980,341957,5551,000,488691,718681,993672,820660,2030638,1900277,765
       Goodwill 
0
0
45,478
0
45,478
45,478
45,478
45,478
99,677
117,766
115,888
115,888
115,888
115,888
61,689
265,062
265,062
265,062
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
16,211
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000016,21116,21116,21116,21116,21116,21116,21116,21116,21116,21116,21116,21116,21116,21116,211265,062265,062265,06261,689115,888115,888115,888115,888117,76699,67745,47845,47845,47845,478045,47800
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
751,168
757,869
711,021
705,845
707,415
702,751
701,020
696,590
690,485
682,227
670,827
660,254
649,250
640,226
653,807
648,748
309,728
363,578
383,058
389,088
392,740
394,405
433,440
481,985
523,196
525,387
519,553
513,974
506,677
504,683
498,364
491,747
0
0491,747498,364504,683506,677513,974519,553525,387523,196481,985433,440394,405392,740389,088383,058363,578309,728648,748653,807640,226649,250660,254670,827682,227690,485696,590701,020702,751707,415705,845711,021757,869751,168000000000000000000
       Intangible Assets 
42,279
0
296,713
0
290,482
288,674
285,540
282,448
437,895
464,809
452,994
494,825
486,079
476,334
466,866
468,737
458,625
448,293
438,093
452,667
441,961
431,713
421,452
411,778
402,020
392,035
301,345
293,771
286,665
281,207
273,416
258,711
251,250
243,773
232,278
224,076
215,901
207,766
199,566
192,378
186,525
180,017
172,927
167,649
156,877
144,002
198,718
193,786
188,357
182,195
175,592
175,592182,195188,357193,786198,718144,002156,877167,649172,927180,017186,525192,378199,566207,766215,901224,076232,278243,773251,250258,711273,416281,207286,665293,771301,345392,035402,020411,778421,452431,713441,961452,667438,093448,293458,625468,737466,866476,334486,079494,825452,994464,809437,895282,448285,540288,674290,4820296,713042,279
       Long-term Assets Other 
0
0
4,979
0
9,692
11,481
6,137
5,736
12,670
12,417
14,583
14,000
13,621
18,092
17,338
16,619
15,908
15,145
15,782
8,847
8,748
8,439
7,329
7,056
14,457
13,753
13,565
13,153
13,144
18,566
11,720
11,423
10,912
10,190
9,718
7,735
8,584
4,989
7,866
6,792
5,335
4,379
12,888
19,138
23,645
28,254
38,273
40,268
39,452
39,144
35,165
35,16539,14439,45240,26838,27328,25423,64519,13812,8884,3795,3356,7927,8664,9898,5847,7359,71810,19010,91211,42311,72018,56613,14413,15313,56513,75314,4577,0567,3298,4398,7488,84715,78215,14515,90816,61917,33818,09213,62114,00014,58312,41712,6705,7366,13711,4819,69204,97900
> Total Liabilities 
32,725
0
389,446
0
472,471
384,669
244,264
255,200
622,534
628,218
670,772
776,516
832,578
872,741
927,985
910,732
1,002,818
987,499
1,056,289
1,938,297
1,973,735
1,880,677
1,945,506
1,929,958
1,943,451
1,910,813
1,505,124
1,595,305
1,728,770
1,727,041
1,799,338
1,761,557
1,790,587
1,827,257
1,809,935
1,867,018
1,789,778
1,756,844
1,576,926
1,543,925
1,568,747
1,576,579
1,618,099
1,597,659
1,507,925
1,447,851
1,795,146
1,795,733
1,778,581
1,773,524
1,650,983
1,650,9831,773,5241,778,5811,795,7331,795,1461,447,8511,507,9251,597,6591,618,0991,576,5791,568,7471,543,9251,576,9261,756,8441,789,7781,867,0181,809,9351,827,2571,790,5871,761,5571,799,3381,727,0411,728,7701,595,3051,505,1241,910,8131,943,4511,929,9581,945,5061,880,6771,973,7351,938,2971,056,289987,4991,002,818910,732927,985872,741832,578776,516670,772628,218622,534255,200244,264384,669472,4710389,446032,725
   > Total Current Liabilities 
22,371
0
28,839
0
106,357
24,101
26,461
20,012
30,959
33,643
48,343
45,569
61,933
49,122
57,454
48,810
54,452
43,927
59,634
51,086
68,728
57,399
71,741
50,827
60,618
82,031
68,989
74,074
81,697
88,679
110,052
195,095
372,424
383,242
84,147
78,504
112,805
231,908
68,408
74,705
846,926
72,537
79,237
94,621
87,021
97,105
117,889
132,053
110,043
142,601
134,012
134,012142,601110,043132,053117,88997,10587,02194,62179,23772,537846,92674,70568,408231,908112,80578,50484,147383,242372,424195,095110,05288,67981,69774,07468,98982,03160,61850,82771,74157,39968,72851,08659,63443,92754,45248,81057,45449,12261,93345,56948,34333,64330,95920,01226,46124,101106,357028,839022,371
       Short-term Debt 
0
0
0
0
89,750
4,050
5,455
1,689
5,570
12,559
19,601
10,853
19,711
16,135
30,286
12,598
28,901
15,676
28,522
19,103
-14,846
-23,828
-13,446
9,265
39,241
48,019
37,356
36,699
41,809
44,570
47,526
142,274
2,337
330,574
34,306
33,271
38,000
155,200
41,179
34,133
762,000
41,157
54,689
6,072
7,526
9,009
10,507
11,782
13,008
14,258
15,524
15,52414,25813,00811,78210,5079,0097,5266,07254,68941,157762,00034,13341,179155,20038,00033,27134,306330,5742,337142,27447,52644,57041,80936,69937,35648,01939,2419,265-13,446-23,828-14,84619,10328,52215,67628,90112,59830,28616,13519,71110,85319,60112,5595,5701,6895,4554,05089,7500000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
808,000
0
0
0
1,267,270
0
0
0
1,240,301
1,264,912
1,280,645
1,295,787
1,051,192
1,091,602
1,147,005
0
0
2,697
0
0
0
0
38,000
155,200
0
0
762,000
0
0
6,072
7,526
9,009
10,507
11,782
13,008
14,258
0
014,25813,00811,78210,5079,0097,5266,07200762,00000155,20038,00000002,697001,147,0051,091,6021,051,1921,295,7871,280,6451,264,9121,240,3010001,267,270000808,00000000000000000
       Accounts payable 
18,168
0
23,868
0
11,682
12,497
15,817
14,149
16,064
11,909
18,132
22,766
29,670
17,176
12,852
25,017
13,806
15,560
18,971
18,783
21,597
13,110
16,251
17,764
10,327
22,676
16,375
21,232
21,698
22,569
38,414
28,324
25,252
27,651
24,415
22,294
18,422
16,205
11,878
15,873
14,824
10,706
10,498
13,546
8,378
9,448
14,052
21,978
14,964
15,496
22,714
22,71415,49614,96421,97814,0529,4488,37813,54610,49810,70614,82415,87311,87816,20518,42222,29424,41527,65125,25228,32438,41422,56921,69821,23216,37522,67610,32717,76416,25113,11021,59718,78318,97115,56013,80625,01712,85217,17629,67022,76618,13211,90916,06414,14915,81712,49711,682023,868018,168
       Other Current Liabilities 
4,203
0
4,971
0
4,170
6,799
4,324
3,309
7,790
7,620
9,055
10,395
9,943
13,202
11,939
8,818
11,068
12,014
11,464
12,523
13,781
19,075
11,471
4,818
6,305
8,963
11,258
5,984
7,412
10,388
12,645
12,858
332,510
12,422
11,933
8,621
41,029
42,676
5,363
14,682
59,509
10,098
3,676
65,004
61,397
69,472
84,276
89,505
69,893
101,585
85,578
85,578101,58569,89389,50584,27669,47261,39765,0043,67610,09859,50914,6825,36342,67641,0298,62111,93312,422332,51012,85812,64510,3887,4125,98411,2588,9636,3054,81811,47119,07513,78112,52311,46412,01411,0688,81811,93913,2029,94310,3959,0557,6207,7903,3094,3246,7994,17004,97104,203
   > Long-term Liabilities 
0
0
360,607
0
366,114
360,568
217,803
235,188
591,575
594,575
622,429
730,947
770,645
823,619
870,531
861,922
948,366
943,572
996,655
1,887,211
1,905,007
1,823,278
1,873,765
1,879,131
1,882,833
1,828,782
1,436,135
1,521,231
1,647,073
1,638,362
1,689,286
1,566,462
1,418,163
1,444,015
1,725,788
1,788,514
1,676,973
1,524,936
1,508,518
1,469,220
721,821
1,504,042
1,538,862
1,503,038
1,420,904
1,350,746
1,677,257
1,663,680
1,668,538
1,630,923
1,516,971
1,516,9711,630,9231,668,5381,663,6801,677,2571,350,7461,420,9041,503,0381,538,8621,504,042721,8211,469,2201,508,5181,524,9361,676,9731,788,5141,725,7881,444,0151,418,1631,566,4621,689,2861,638,3621,647,0731,521,2311,436,1351,828,7821,882,8331,879,1311,873,7651,823,2781,905,0071,887,211996,655943,572948,366861,922870,531823,619770,645730,947622,429594,575591,575235,188217,803360,568366,1140360,60700
       Long term Debt Total 
0
0
0
0
0
0
199,230
214,230
565,050
565,050
586,000
691,000
726,000
775,000
808,000
796,000
879,000
904,642
944,000
1,312,158
1,312,539
1,224,919
1,240,301
1,264,912
1,280,645
1,295,787
1,051,192
1,091,602
1,147,005
1,175,313
1,257,731
1,226,146
1,365,564
1,392,986
1,470,299
1,491,716
1,545,133
1,390,842
1,347,326
1,304,918
539,099
1,318,078
1,355,072
1,315,495
1,232,512
1,165,189
1,479,855
1,465,555
1,475,248
0
0
001,475,2481,465,5551,479,8551,165,1891,232,5121,315,4951,355,0721,318,078539,0991,304,9181,347,3261,390,8421,545,1331,491,7161,470,2991,392,9861,365,5641,226,1461,257,7311,175,3131,147,0051,091,6021,051,1921,295,7871,280,6451,264,9121,240,3011,224,9191,312,5391,312,158944,000904,642879,000796,000808,000775,000726,000691,000586,000565,050565,050214,230199,230000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-89,750
-4,050
-5,455
-1,689
-5,570
-12,559
-19,601
-10,853
-19,711
-16,135
-30,286
-12,598
-28,901
-15,676
-28,522
-19,103
14,846
23,828
13,446
-9,265
-39,241
-48,019
-37,356
-36,699
-41,809
-44,570
-47,526
-142,274
2,996
-330,574
-34,306
-33,271
-38,000
-155,200
-41,179
-34,133
-762,000
-41,157
-54,689
-6,072
-7,526
-9,009
-10,507
-11,782
-13,008
-14,258
-15,524
-15,524-14,258-13,008-11,782-10,507-9,009-7,526-6,072-54,689-41,157-762,000-34,133-41,179-155,200-38,000-33,271-34,306-330,5742,996-142,274-47,526-44,570-41,809-36,699-37,356-48,019-39,241-9,26513,44623,82814,846-19,103-28,522-15,676-28,901-12,598-30,286-16,135-19,711-10,853-19,601-12,559-5,570-1,689-5,455-4,050-89,7500000
       Warrants
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,450
62,341
78,563
85,800
89,658
93,590
97,679
101,932
106,325
112,038
113,574
115,223
118,584
118,702
120,570
0
0
00120,570118,702118,584115,223113,574112,038106,325101,93297,67993,59089,65885,80078,56362,34127,4500000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
7,674
7,373
7,141
6,965
6,746
6,537
7,552
7,485
7,292
6,938
6,582
6,597
7,169
528,094
544,272
549,317
575,999
595,239
589,139
517,574
372,236
393,042
461,949
423,425
431,555
340,316
52,599
51,029
228,039
234,457
53,277
48,294
71,534
70,712
38,994
84,032
32,357
75,505
74,818
70,334
38,784
79,423
72,720
34,546
0
034,54672,72079,42338,78470,33474,81875,50532,35784,03238,99470,71271,53448,29453,277234,457228,03951,02952,599340,316431,555423,425461,949393,042372,236517,574589,139595,239575,999549,317544,272528,0947,1696,5976,5826,9387,2927,4857,5526,5376,7466,9657,1417,3737,674000000
       Deferred Long Term Liability 
0
0
0
0
0
0
10,899
13,585
19,384
22,560
29,683
33,410
37,093
41,134
55,239
58,984
62,784
32,333
45,486
46,959
48,196
49,042
57,465
18,980
13,049
15,421
12,707
36,587
38,119
39,624
0
7,900
7,200
6,900
6,200
5,500
5,400
0
7,400
0
0
0
0
0
0
0
0
0
0
0
0
0000000000007,40005,4005,5006,2006,9007,2007,900039,62438,11936,58712,70715,42113,04918,98057,46549,04248,19646,95945,48632,33362,78458,98455,23941,13437,09333,41029,68322,56019,38413,58510,899000000
> Total Stockholder Equity
307,370
0
640,818
0
570,946
666,723
41,276
27,248
-184,639
-163,409
-217,778
-281,691
-346,499
-396,407
966,889
933,865
1,255,935
1,244,683
984,242
1,196,586
1,107,539
1,199,400
1,169,673
1,125,115
1,110,899
1,161,308
1,389,669
1,344,081
1,236,808
1,251,015
1,221,224
1,139,033
1,107,115
1,074,199
790,966
820,258
875,287
902,435
1,012,549
1,022,230
1,002,977
1,026,030
1,010,688
1,009,159
915,982
907,044
883,402
868,404
854,921
858,554
843,215
843,215858,554854,921868,404883,402907,044915,9821,009,1591,010,6881,026,0301,002,9771,022,2301,012,549902,435875,287820,258790,9661,074,1991,107,1151,139,0331,221,2241,251,0151,236,8081,344,0811,389,6691,161,3081,110,8991,125,1151,169,6731,199,4001,107,5391,196,586984,2421,244,6831,255,935933,865966,889-396,407-346,499-281,691-217,778-163,409-184,63927,24841,276666,723570,9460640,8180307,370
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
942,213
0
0
0
958,608
0
0
0
1,129,132
0
0
0
1,056,510
1,005,409
907,099
913,913
902,358
838,292
813,499
773,458
469,900
457,176
488,858
567,284
748,466
749,928
743,391
758,275
734,594
817,719
721,118
708,569
679,491
661,736
643,586
642,221
621,670
621,670642,221643,586661,736679,491708,569721,118817,719734,594758,275743,391749,928748,466567,284488,858457,176469,900773,458813,499838,292902,358913,913907,0991,005,4091,056,5100001,129,132000958,608000942,21300000000000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000-883,402000000-549,6570-505,978-484,354-464,371-442,681-424,515-404,312-384,820-387,133-368,415-349,849-331,191-309,440-313,364-294,625-277,779-259,315-241,153-223,824-206,278-176,872-163,150-149,163-129,134-117,011-104,623-92,967-81,868-63,870-55,142-46,713-39,419-33,517-27,862-22,2400-12,18000
   Capital Surplus 000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
652,998
0
593,186
694,585
74,793
66,667
-137,926
-108,267
-153,908
-199,823
-253,532
-291,784
1,083,900
1,062,999
1,405,098
1,407,833
1,161,114
1,402,864
1,331,363
1,440,553
1,428,988
1,402,894
1,405,524
1,474,672
1,699,109
1,675,272
1,586,657
1,619,430
1,608,357
1,523,853
1,511,427
1,498,714
1,233,647
1,284,629
1,359,641
1,408,413
1,012,549
1,571,887
1,002,977
1,026,030
1,030,637
1,009,159
1,007,786
907,044
143,410
868,404
854,921
858,554
843,215
843,215858,554854,921868,404143,410907,0441,007,7861,009,1591,030,6371,026,0301,002,9771,571,8871,012,5491,408,4131,359,6411,284,6291,233,6471,498,7141,511,4271,523,8531,608,3571,619,4301,586,6571,675,2721,699,1091,474,6721,405,5241,402,8941,428,9881,440,5531,331,3631,402,8641,161,1141,407,8331,405,0981,062,9991,083,900-291,784-253,532-199,823-153,908-108,267-137,92666,66774,793694,585593,1860652,99800



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue458,903
Cost of Revenue-335,967
Gross Profit122,936122,936
 
Operating Income (+$)
Gross Profit122,936
Operating Expense-42,135
Operating Income80,80180,801
 
Operating Expense (+$)
Research Development0
Selling General Administrative42,135
Selling And Marketing Expenses0
Operating Expense42,13542,135
 
Net Interest Income (+$)
Interest Income0
Interest Expense-140,784
Other Finance Cost-8,341
Net Interest Income-132,443
 
Pretax Income (+$)
Operating Income80,801
Net Interest Income-132,443
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-72,454234,056
EBIT - interestExpense = -59,983
-38,625
101,837
Interest Expense140,784
Earnings Before Interest and Taxes (EBIT)80,80168,330
Earnings Before Interest and Taxes (EBITDA)203,565
 
After tax Income (+$)
Income Before Tax-72,454
Tax Provision--162
Net Income From Continuing Ops-47,693-72,292
Net Income-38,947
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses378,102
Total Other Income/Expenses Net-153,255132,443
 

Technical Analysis of Summit Midstream Partners LP
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Summit Midstream Partners LP. The general trend of Summit Midstream Partners LP is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Summit Midstream Partners LP's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Summit Midstream Partners LP.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 21.49 > 21.49 > 21.49.

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Summit Midstream Partners LP Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Summit Midstream Partners LP. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Summit Midstream Partners LP Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Summit Midstream Partners LP. The current macd is 2.14259187.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Summit Midstream Partners LP price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Summit Midstream Partners LP. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Summit Midstream Partners LP price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Summit Midstream Partners LP Daily Moving Average Convergence/Divergence (MACD) ChartSummit Midstream Partners LP Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Summit Midstream Partners LP. The current adx is 33.58.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Summit Midstream Partners LP shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Summit Midstream Partners LP Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Summit Midstream Partners LP. The current sar is 18.53.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Summit Midstream Partners LP Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Summit Midstream Partners LP. The current rsi is 81.54. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Summit Midstream Partners LP Daily Relative Strength Index (RSI) ChartSummit Midstream Partners LP Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Summit Midstream Partners LP. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Summit Midstream Partners LP price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Summit Midstream Partners LP Daily Stochastic Oscillator ChartSummit Midstream Partners LP Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Summit Midstream Partners LP. The current cci is 183.02.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Summit Midstream Partners LP Daily Commodity Channel Index (CCI) ChartSummit Midstream Partners LP Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Summit Midstream Partners LP. The current cmo is 71.02.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Summit Midstream Partners LP Daily Chande Momentum Oscillator (CMO) ChartSummit Midstream Partners LP Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Summit Midstream Partners LP. The current willr is -1.33364176.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Summit Midstream Partners LP Daily Williams %R ChartSummit Midstream Partners LP Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Summit Midstream Partners LP.

Summit Midstream Partners LP Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Summit Midstream Partners LP. The current atr is 1.36698571.

Summit Midstream Partners LP Daily Average True Range (ATR) ChartSummit Midstream Partners LP Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Summit Midstream Partners LP. The current obv is 1,200,282.

Summit Midstream Partners LP Daily On-Balance Volume (OBV) ChartSummit Midstream Partners LP Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Summit Midstream Partners LP. The current mfi is 86.39.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Summit Midstream Partners LP Daily Money Flow Index (MFI) ChartSummit Midstream Partners LP Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Summit Midstream Partners LP.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Summit Midstream Partners LP Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Summit Midstream Partners LP based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5081.541
Ma 20Greater thanMa 5021.310
Ma 50Greater thanMa 10018.720
Ma 100Greater thanMa 20018.675
OpenGreater thanClose27.980
Total4/5 (80.0%)
Penke

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