Wells Fargo Keeps Their Hold Rating on Summit Midstream (SMLP)

Wells Fargo analyst Praneeth Satish maintained a Hold rating on Summit Midstream (SMLP) today. The company’s shares closed last Monday at $5.18, close to its 52-week low of $4.33.

According to TipRanks.com, Satish is ranked #4183 out of 5548 analysts.

Currently, the analyst consensus on Summit Midstream is a Moderate Sell with an average price target of $5.88.

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Summit Midstream’s market cap is currently $428.4M and has a P/E ratio of 12.44. The company has a Price to Book ratio of 0.53.

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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.

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