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).
Summit Midstream Partners, LP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GEL | Genesis Energy | $10.80 | $13.00 | 20.37% | Buy |
| WES | Western Midstream Partners, LP | $36.81 | $38.17 | 3.69% | Hold |
| HESM | Hess Midstream LP | $34.54 | $34.33 | -0.61% | Hold |
| ENLC | EnLink Midstream | $14.94 | $13.86 | -7.23% | Hold |
| DTM | DT Midstream | $89.87 | $67.00 | -25.45% | Buy |
| SMLP | Summit Midstream Partners, LP | $38.05 | $22.50 | -40.87% | Buy |
SMLP Forecast FAQ
Is Summit Midstream Partners, LP a good buy?
Yes, according to 3 Wall Street analysts, Summit Midstream Partners, LP (SMLP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of SMLP's total ratings.
What is SMLP's price target?
Summit Midstream Partners, LP (SMLP) average price target is $22.5 with a range of $20 to $25, implying a -38.42% from its last price of $36.54. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Summit Midstream Partners, LP stock go up soon?
According to Wall Street analysts' prediction for SMLP stock, the company can go down by -38.42% (from the last price of $36.54 to the average price target of $22.5), down by -31.58% based on the highest stock price target, and down by -45.27% based on the lowest stock price target.
Can Summit Midstream Partners, LP stock reach $50?
SMLP's average twelve months analyst stock price target of $22.5 does not support the claim that Summit Midstream Partners, LP can reach $50 in the near future.
Did the SMLP's actual financial results beat the analysts' financial forecasts?
Based on Summit Midstream Partners, LP's last annual report (Dec 2023), the company's revenue was $458.9M, beating the average analysts forecast of $393.3M by 16.68%. Apple's EBITDA was $-57.289M, missing the average prediction of $96.62M by -159.29%. The company's net income was $-38.947M, missing the average estimation of $513.94M by -107.58%. Apple's SG&A was $42.14M, missing the average forecast of $54.13M by -22.17%. Lastly, the company's EPS was $0, missing the average prediction of $0.87 by -100.00%. In terms of the last quarterly report (Dec 2023), Summit Midstream Partners, LP's revenue was $127.32M, beating the average analysts' forecast of $100.6M by 26.56%. The company's EBITDA was $-20.408M, missing the average prediction of $24.71M by -182.57%. Summit Midstream Partners, LP's net income was $-15.118M, missing the average estimation of $4.61M by -427.83%. The company's SG&A was $10.24M, missing the average forecast of $13.85M by -26.06%. Lastly, the company's EPS was $0, missing the average prediction of $0.42 by -100.00%