Somewhat Positive News Coverage Somewhat Unlikely to Impact Summit Midstream Partners (NYSE:SMLP) Share Price

Headlines about Summit Midstream Partners (NYSE:SMLP) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit Midstream Partners earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.2854867108862 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Summit Midstream Partners (NYSE SMLP) traded down $0.95 during trading hours on Friday, hitting $20.20. 206,610 shares of the stock were exchanged, compared to its average volume of 214,559. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $1,505.91, a price-to-earnings ratio of 13.84 and a beta of 1.64. Summit Midstream Partners has a twelve month low of $18.30 and a twelve month high of $24.90.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 11.39%. The ex-dividend date is Tuesday, February 6th. Summit Midstream Partners’s dividend payout ratio is presently 157.53%.

A number of equities analysts have issued reports on the stock. ValuEngine upgraded shares of Summit Midstream Partners from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Saturday, October 21st. SunTrust Banks set a $24.00 target price on shares of Summit Midstream Partners and gave the stock a “hold” rating in a research report on Monday, January 29th. BidaskClub upgraded shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group assumed coverage on shares of Summit Midstream Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.43.

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About Summit Midstream Partners

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.

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