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ValuEngine upgraded Summit Midstream Partners LP (NYSE:SMLP) to Hold in a report released today.

ValuEngine has upgraded Summit Midstream Partners LP (NYSE:SMLP) to Hold in a report released on Friday June 02, 2017.

Yesterday Summit Midstream Partners LP (NYSE:SMLP) traded -2.64% lower at $23.20. The company’s 50-day moving average is $20.98 and its 200-day moving average is $22.25. The last stock close price is up -8.78% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time period. 100,516 shares of SMLP traded hands, down from an average trading volume of 131,614

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Summit Midstream Partners LP (NYSE:SMLP)

Summit Midstream Partners LP has a 52 week low of $19.15 and a 52 week high of $26.50 with a price-earnings ratio of 86.02 SMLP’s total market value is presently $0.

A total of 12 brokerages have released a report on Summit Midstream Partners LP. Two analysts rating the company a strong buy, 4 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $20.13.

General Information About Summit Midstream Partners LP (NYSE:SMLP)

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. The Company's assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States. It provides natural gas gathering, treating and processing services, as well as crude oil and produced water gathering services pursuant to long-term and fee-based agreements with its customers.

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