SMLP Intrinsic Stock Value – Summit Midstream Partners LP Shares Reach New High Above 200-Day Moving Average in 2023
March 20, 2023
Trending News ☀️
Summit Midstream Partners ($NYSE:SMLP), LP (NYSE: SMLP) is making waves this week on the stock market, with their shares reaching a new high above their 200-day moving average of $17.58 on Wednesday. The stock traded as high as $17.76, marking a significant milestone for Summit Midstream Partners, LP and their investors. The rising stock price is a positive sign for the company’s future and could indicate a shift in investor sentiment. It is one of many signs that the company is doing well and that its investors are confident in its future prospects.
With such a strong performance, it is clear that Summit Midstream Partners, LP has had a successful year so far and has plenty of potential for further growth. The inspiring rise of Summit Midstream Partners, LP’s shares shows that they have the potential to maintain their recent success and continue to reach even higher heights in the future. Investors have taken notice of this trend and are likely to continue to invest in the company, ensuring its future success.
Price History
The stock opened at $18.6 and closed at $17.7, representing a 5.3% decline from its prior closing price of $18.7. This marks the highest point for the company’s shares since March of 2023, and is indicative of a strong performance over the last month. Despite the decline, investors seem to be bullish on the company, as evidenced by the high level of trading volume and steady appreciation in share prices over the last few weeks.
This is likely due to the company’s strong fundamentals and successful growth strategies, which have enabled it to remain profitable in a challenging market environment. Overall, Summit Midstream Partners LP’s shares are performing well and appear to be positioned for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SMLP. More…
| Total Revenues | Net Income | Net Margin |
| 369.59 | -127.68 | -21.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SMLP. More…
| Operations | Investing | Financing |
| 98.74 | -226.56 | 121.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SMLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.56k | 1.8k | 75.11 |
Key Ratios Snapshot
Some of the financial key ratios for SMLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.9% | -31.3% | -10.5% |
| FCF Margin | ROE | ROA |
| 18.5% | -3.1% | -0.9% |
Analysis – SMLP Intrinsic Stock Value
GoodWhale has conducted an extensive analysis of SUMMIT MIDSTREAM PARTNERS’s wellbeing in order to better understand the value of their stock. After conducting our proprietary Valuation Line, we have determined that the intrinsic value of SUMMIT MIDSTREAM PARTNERS shares is around $13.5. However, the current trading value of SUMMIT MIDSTREAM PARTNERS stock is $17.7, which is overvalued by 31.5%. This implies that investors should be cautious when considering investing in SUMMIT MIDSTREAM PARTNERS at the current price. More…
Peers
The energy sector is highly competitive, with companies vying for market share in the exploration, production, and distribution of oil and gas. Among the many companies in this sector are Summit Midstream Partners LP and its competitors, Williams Companies Inc, Evolve Transition Infrastructure LP, and Western Midstream Partners LP. All of these companies are striving to be the best in their respective fields, and each has its own advantages and disadvantages.
– Williams Companies Inc ($NYSE:WMB)
The Williams Companies Inc is engaged in energy transportation and infrastructure businesses in the United States and Canada. The company owns and operates natural gas pipelines and storage assets, as well as provides gathering, processing and natural gas liquids fractionation services. As of December 31, 2020, the company’s assets included approximately 32,000 miles of gathering, transmission and interstate natural gas pipelines; approximately 1,300 miles of oil sands pipeline; approximately 12,000 miles of NGL transportation pipelines; and approximately 50 natural gas processing plants. The Williams Companies Inc has a market cap of 37.09B as of 2022, a Return on Equity of 17.09%.
– Evolve Transition Infrastructure LP ($NYSEAM:SNMP)
Evolve Transition Infrastructure LP is a Canadian closed-end investment fund that invests in North American infrastructure assets. The fund has a market capitalization of $48.28 million and a return on equity of 9.33%. The fund’s objective is to generate stable, long-term cash flow and to provide investors with a monthly cash distribution.
– Western Midstream Partners LP ($NYSE:WES)
The company’s market cap is 10.65B as of 2022, a Return on Equity of 29.31%. The company is engaged in the business of natural gas and crude oil transportation, gathering, processing and fractionation in the United States. The company owns and operates natural gas and crude oil pipelines and gathering systems, as well as natural gas processing and fractionation facilities. The company’s operations are conducted through its subsidiaries.
Summary
This indicates that investors have continued to show faith in the company by pushing its stock value higher. Despite the stock price drop on the same day, it appears that investors remain optimistic about SMLP’s overall growth potential. Moving forward, investors should monitor SMLP’s performance to assess the strength of their investment.
