In a report released yesterday, Tristan Richardson from SunTrust Robinson reiterated a Hold rating on Summit Midstream (NYSE: SMLP), with a price target of $19. The company’s shares closed on Friday at $17.40.
According to TipRanks.com, Richardson is a 3-star analyst with an average return of 3.5% and a 50.0% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Valero Energy Partners, and Andeavor Logistics LP.
Currently, the analyst consensus on Summit Midstream is a Moderate Buy with an average price target of $17.67.
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Summit Midstream’s market cap is currently $1.28B and has a P/E ratio of 20.71. The company has a Price to Book ratio of 1.27.
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Summit Midstream Partners LP is a limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America.
