SMLP's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.08 -- higher than merely 1.63% of US-listed equities with positive expected earnings growth.
The price/operating cash flow metric for Summit Midstream Partners LP is higher than just 2.45% of stocks in our set with a positive cash flow.
In terms of volatility of its share price, SMLP is more volatile than 99.87% of stocks we're observing.
Stocks with similar financial metrics, market capitalization, and price volatility to Summit Midstream Partners LP are SALT, WLFC, DOC, CVA, and SPH.
Summit Midstream Partners, LP Common Limited Partner Interests (SMLP) Company Bio
Summit Midstream Partners LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating, and processing services. The company was founded in 2009 and is based in The Woodlands, Texas.
SMLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Summit Midstream Partners LP. To summarize, we found that Summit Midstream Partners LP ranked in the 86th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for SMLP, they are:
The company's balance sheet shows it gets 4% of its capital from equity, and 96% of its capital from debt. Its equity weight surpasses that of merely 4.33% of free cash flow generating stocks in the Energy sector.
Summit Midstream Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 23.94% of US stocks with positive free cash flow.
Summit Midstream Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -1.95. This coverage rate is greater than that of just 18.06% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SMLP, try DWSN, CNQ, SUN, HP, and VET.
Summit Midstream Partners ([[SMLP]] -0.5%) has reported that an ad hoc group of lenders have agreed to a consensual term loan restructuring transaction with its SMP Holdings unit, resulting in lenders waiving their rights to claims against SMP Holdings, including a release of the non-economic GP Interest in Summit Midstream Partners from...
HOUSTON, Sept. 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned, indirect subsidiary, Summit Midstream Partners Holdings, LLC ("SMP Holdings"), has entered into a Transaction Support Agreement ("TSA") with an ad hoc group of SMP…
HOUSTON, Sept. 23, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today the expiration and final results of its previously announced cash tender offers (the "Tender Offers") by its subsidiaries, Summit Midstream Holdings, LLC and…
Introduction The Master Limited Partnership area of the market has seen a great deal of pain throughout 2020 as the COVID-19 pandemic inflicted immense broad-ranging damage. This has left Summit Midstream Partners (SMLP) fighting for survival, and if you are interested in their prospects to survive, I would recommend reading...
Daniel Thurecht on Seeking Alpha | September 9, 2020
HOUSTON, Aug. 25, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its subsidiaries, Summit Midstream Holdings, LLC and Summit Midstream Finance Corp. (collectively, the "Issuers"), have commenced cash tender offers (the…