Summit Midstream Partners, LP (SMLP) Stock Forecast, Price Target & Predictions
SMLP Stock Forecast
Summit Midstream Partners, LP stock forecast is as follows: an average price target of $22.50 (represents a -38.42% downside from SMLP’s last price of $36.54) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
SMLP Price Target
The average price target for Summit Midstream Partners, LP (SMLP) is $22.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $20.00. This represents a potential -38.42% downside from SMLP's last price of $36.54.
SMLP Analyst Ratings
According to 3 Wall Street analysts, Summit Midstream Partners, LP's rating consensus is 'Buy'. The analyst rating breakdown for SMLP stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 1 'Hold' (33.33%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
Summit Midstream Partners, LP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 29, 2022 | RBC Capital | $25.00 | $20.23 | 23.58% | -31.58% | |
| Nov 15, 2022 | Wells Fargo | $20.00 | $20.20 | -0.99% | -45.27% | |
| Apr 28, 2022 | Wells Fargo | $16.00 | $17.22 | -7.08% | -56.21% |
The latest Summit Midstream Partners, LP stock forecast, released on Nov 29, 2022 by RBC Capital company, set a price target of $25.00, which represents a 23.58% increase from the stock price at the time of the forecast ($20.23), and a -31.58% decrease from SMLP last price ($36.54).
Summit Midstream Partners, LP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $36.54 | $36.54 | $36.54 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Summit Midstream Partners, LP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Summit Midstream Partners, LP's last price of $36.54. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 29, 2022 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Nov 15, 2022 | Wells Fargo | Underweight | Underweight | Hold |
| Apr 28, 2022 | Wells Fargo | Underweight | Underweight | Hold |
| Apr 26, 2022 | Zacks Investment Research | Buy | Upgrade |
Summit Midstream Partners, LP's last stock rating was published by RBC Capital on Nov 29, 2022. The company gave SMLP a "Sector Perform" rating, the same as its previous rate.
Summit Midstream Partners, LP Financial Forecast
Summit Midstream Partners, LP Revenue Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | $127.32M | - | - | $112.50M | $85.72M | - | - | $96.13M | $99.21M | - | - | $99.32M | $96.41M | - | - | $104.90M | $112.25M | - | - | $131.41M | $117.32M | $135.81M | $90.57M | $68.58M | $76.20M | $43.59M |
| Avg Forecast | $119.96M | $119.41M | $104.42M | $100.60M | $98.10M | $96.20M | $98.40M | $70.50M | $68.40M | $62.20M | $82.73M | $82.50M | $80.30M | $82.26M | $78.45M | $91.80M | $97.43M | $100.08M | $105.71M | $112.23M | $114.17M | $110.02M | $115.38M | $84.72M | $339.50M | $181.20M | $112.32M | $111.16M | $69.78M |
| High Forecast | $119.96M | $119.41M | $125.30M | $100.60M | $108.43M | $96.20M | $98.40M | $70.50M | $68.40M | $62.20M | $82.73M | $82.50M | $80.30M | $82.26M | $78.45M | $91.80M | $97.43M | $100.08M | $105.71M | $112.23M | $114.17M | $110.02M | $115.38M | $101.66M | $407.40M | $217.44M | $134.78M | $133.39M | $83.73M |
| Low Forecast | $119.96M | $119.41M | $83.53M | $100.60M | $87.77M | $96.20M | $98.40M | $70.50M | $68.40M | $62.20M | $82.73M | $82.50M | $80.30M | $82.26M | $78.45M | $91.80M | $97.43M | $100.08M | $105.71M | $112.23M | $114.17M | $110.02M | $115.38M | $67.77M | $271.60M | $144.96M | $89.85M | $88.93M | $55.82M |
| # Analysts | 8 | 8 | 16 | 14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 9 | 19 | 14 | 20 | 12 |
| Surprise % | - | - | - | 1.27% | - | - | 1.14% | 1.22% | - | - | 1.16% | 1.20% | - | - | 1.27% | 1.05% | - | - | 0.99% | 1.00% | - | - | 1.14% | 1.38% | 0.40% | 0.50% | 0.61% | 0.69% | 0.62% |
Summit Midstream Partners, LP's average Quarter revenue forecast for Mar 24 based on 16 analysts is $104.42M, with a low forecast of $83.53M, and a high forecast of $125.30M. SMLP's average Quarter revenue forecast represents a -17.99% decrease compared to the company's last Quarter revenue of $127.32M (Dec 23).
Summit Midstream Partners, LP EBITDA Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 16 | 14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 9 | 19 | 14 | 20 | 12 |
| EBITDA | - | - | - | $-20.41M | - | - | $17.59M | $2.29M | - | - | $43.84M | $36.41M | - | - | $51.67M | $146.55M | - | - | $55.36M | $-279.15M | - | - | $8.94M | $37.55M | $44.90M | $37.22M | $36.36M | $30.72M | $24.81M |
| Avg Forecast | $29.47M | $29.34M | $25.65M | $24.71M | $24.10M | $23.63M | $24.17M | $24.15M | $16.80M | $15.28M | $20.32M | $20.27M | $19.73M | $20.21M | $19.27M | $22.55M | $23.94M | $24.59M | $25.97M | $27.57M | $28.05M | $27.03M | $48.33M | $20.81M | $96.99M | $83.74M | $59.54M | $39.49M | $27.47M |
| High Forecast | $29.47M | $29.34M | $30.78M | $24.71M | $26.64M | $23.63M | $24.17M | $28.97M | $16.80M | $15.28M | $20.32M | $20.27M | $19.73M | $20.21M | $19.27M | $22.55M | $23.94M | $24.59M | $25.97M | $27.57M | $28.05M | $27.03M | $57.99M | $24.98M | $116.38M | $100.48M | $71.45M | $47.39M | $32.96M |
| Low Forecast | $29.47M | $29.34M | $20.52M | $24.71M | $21.56M | $23.63M | $24.17M | $19.32M | $16.80M | $15.28M | $20.32M | $20.27M | $19.73M | $20.21M | $19.27M | $22.55M | $23.94M | $24.59M | $25.97M | $27.57M | $28.05M | $27.03M | $38.66M | $16.65M | $77.59M | $66.99M | $47.63M | $31.59M | $21.97M |
| Surprise % | - | - | - | -0.83% | - | - | 0.73% | 0.09% | - | - | 2.16% | 1.80% | - | - | 2.68% | 6.50% | - | - | 2.13% | -10.12% | - | - | 0.18% | 1.80% | 0.46% | 0.44% | 0.61% | 0.78% | 0.90% |
1 analysts predict SMLP's average Quarter EBITDA for Jul 23 to be $23.63M, with a high of $23.63M and a low of $23.63M. This is 34.37% upper than Summit Midstream Partners, LP's previous annual EBITDA (Mar 23) of $17.59M.
Summit Midstream Partners, LP Net Income Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 16 | 14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 9 | 19 | 14 | 20 | 12 |
| Net Income | - | - | - | $-15.12M | - | - | $-19.07M | $-27.84M | - | - | $-4.04M | $-17.39M | - | - | $8.99M | $102.97M | - | - | $5.31M | $-327.08M | - | - | $-36.91M | $-3.93M | $-685.00K | $-6.45M | $1.67M | $3.54M | $12.48M |
| Avg Forecast | $16.92M | $14.74M | $556.28M | $4.61M | $2.75M | $878.40K | $505.71M | $-10.75M | $-6.59M | $-11.64M | $459.74M | $-3.77M | $1.76M | $-1.35M | $417.94M | $8.28M | $69.44K | $-3.29M | $12.31M | $17.27M | $23.71M | $21.24M | $-199.64M | $-11.97M | $-1.48M | $-14.52M | $2.73M | $4.56M | $13.82M |
| High Forecast | $16.92M | $14.74M | $667.54M | $4.61M | $2.75M | $878.40K | $606.85M | $-8.60M | $-6.59M | $-11.64M | $551.68M | $-3.77M | $1.76M | $-1.35M | $501.53M | $8.28M | $69.44K | $-3.29M | $14.78M | $17.27M | $23.71M | $21.24M | $-159.71M | $-9.58M | $-1.18M | $-11.62M | $3.28M | $5.47M | $16.58M |
| Low Forecast | $16.92M | $14.74M | $445.02M | $4.61M | $2.75M | $878.40K | $404.57M | $-12.90M | $-6.59M | $-11.64M | $367.79M | $-3.77M | $1.76M | $-1.35M | $334.35M | $8.28M | $69.44K | $-3.29M | $9.85M | $17.27M | $23.71M | $21.24M | $-239.57M | $-14.37M | $-1.78M | $-17.43M | $2.18M | $3.65M | $11.05M |
| Surprise % | - | - | - | -3.28% | - | - | -0.04% | 2.59% | - | - | -0.01% | 4.61% | - | - | 0.02% | 12.44% | - | - | 0.43% | -18.94% | - | - | 0.18% | 0.33% | 0.46% | 0.44% | 0.61% | 0.78% | 0.90% |
Summit Midstream Partners, LP's average Quarter net income forecast for Jul 21 is $-1.35M, with a range of $-1.35M to $-1.35M. SMLP's average Quarter net income forecast represents a -115.07% decrease compared to the company's last Quarter net income of $8.99M (Mar 21).
Summit Midstream Partners, LP SG&A Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 16 | 14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 9 | 19 | 14 | 20 | 12 |
| SG&A | - | - | - | $10.24M | - | - | $10.29M | $18.18M | - | - | $13.21M | $10.15M | - | - | $10.34M | $55.48M | - | - | $38.19M | $40.11M | - | - | $17.28M | $14.38M | $37.82M | $38.72M | $25.78M | $27.07M | $19.06M |
| Avg Forecast | $16.51M | $16.44M | $14.37M | $13.85M | $13.50M | $13.24M | $13.54M | $6.73M | $9.41M | $8.56M | $11.39M | $11.36M | $11.05M | $11.32M | $10.80M | $12.64M | $13.41M | $13.78M | $88.57M | $15.45M | $15.71M | $15.14M | $93.46M | $43.82M | $81.70M | $87.12M | $42.22M | $34.80M | $21.10M |
| High Forecast | $16.51M | $16.44M | $17.25M | $13.85M | $14.92M | $13.24M | $13.54M | $8.08M | $9.41M | $8.56M | $11.39M | $11.36M | $11.05M | $11.32M | $10.80M | $12.64M | $13.41M | $13.78M | $106.28M | $15.45M | $15.71M | $15.14M | $112.15M | $52.58M | $98.04M | $104.55M | $50.67M | $41.76M | $25.32M |
| Low Forecast | $16.51M | $16.44M | $11.50M | $13.85M | $12.08M | $13.24M | $13.54M | $5.39M | $9.41M | $8.56M | $11.39M | $11.36M | $11.05M | $11.32M | $10.80M | $12.64M | $13.41M | $13.78M | $70.86M | $15.45M | $15.71M | $15.14M | $74.77M | $35.06M | $65.36M | $69.70M | $33.78M | $27.84M | $16.88M |
| Surprise % | - | - | - | 0.74% | - | - | 0.76% | 2.70% | - | - | 1.16% | 0.89% | - | - | 0.96% | 4.39% | - | - | 0.43% | 2.60% | - | - | 0.18% | 0.33% | 0.46% | 0.44% | 0.61% | 0.78% | 0.90% |
Summit Midstream Partners, LP's average Quarter SG&A projection for Mar 24 is $14.37M, based on 16 Wall Street analysts, with a range of $11.50M to $17.25M. The forecast indicates a 40.38% rise compared to SMLP last annual SG&A of $10.24M (Dec 23).
Summit Midstream Partners, LP EPS Forecast
| Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 16 | 14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16 | 9 | 9 | 8 | 9 | 13 | 17 | 19 | 9 | 19 | 14 | 20 | 12 |
| EPS | - | - | - | - | - | - | $-1.87 | $-2.74 | - | - | $-0.42 | $-2.43 | - | - | $0.13 | $21.04 | - | - | $0.85 | $-56.85 | - | - | $-8.70 | $-0.81 | $-0.14 | $-1.80 | $0.03 | $1.20 | $3.75 |
| Avg Forecast | $1.54 | $1.34 | $1.58 | $0.42 | $0.25 | $0.08 | $0.12 | $-1.27 | $-0.60 | $-1.06 | $-1.09 | $-0.34 | $0.16 | $-0.12 | $0.03 | $0.75 | $0.01 | $-0.30 | $0.22 | $1.57 | $2.16 | $1.93 | $1.92 | $0.40 | $0.22 | $0.54 | $0.23 | $0.27 | $0.31 |
| High Forecast | $1.54 | $1.34 | $1.58 | $0.42 | $0.25 | $0.08 | $0.12 | $-1.27 | $-0.60 | $-1.06 | $-1.09 | $-0.34 | $0.16 | $-0.12 | $0.03 | $0.75 | $0.01 | $-0.30 | $0.22 | $1.57 | $2.16 | $1.93 | $1.92 | $0.48 | $0.26 | $0.65 | $0.28 | $0.32 | $0.37 |
| Low Forecast | $1.54 | $1.34 | $1.58 | $0.42 | $0.25 | $0.08 | $0.12 | $-1.27 | $-0.60 | $-1.06 | $-1.09 | $-0.34 | $0.16 | $-0.12 | $0.03 | $0.75 | $0.01 | $-0.30 | $0.22 | $1.57 | $2.16 | $1.93 | $1.92 | $0.32 | $0.17 | $0.43 | $0.18 | $0.22 | $0.25 |
| Surprise % | - | - | - | - | - | - | -15.58% | 2.16% | - | - | 0.39% | 7.08% | - | - | 4.64% | 27.91% | - | - | 3.78% | -36.14% | - | - | -4.54% | -2.02% | -0.65% | -3.33% | 0.11% | 4.44% | 12.10% |
According to 1 Wall Street analysts, Summit Midstream Partners, LP's projected average Quarter EPS for Jul 21 is $-0.12, with a low estimate of $-0.12 and a high estimate of $-0.12. This represents a -194.87% decrease compared to SMLP previous annual EPS of $0.13 (Mar 21).