Summit Midstream Partners LP (SMLP) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $25 . RBC Capital Mkts advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on Summit Midstream Partners LP. Company shares were Upgraded by Robert W. Baird on Aug 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $24 .Summit Midstream Partners LP was Upgraded by Credit Suisse to ” Outperform” on Aug 8, 2016.
Summit Midstream Partners LP closed down -0.42 points or -1.68% at $24.6 with 1,36,735 shares getting traded on Thursday. Post opening the session at $24.82, the shares hit an intraday low of $24.09 and an intraday high of $24.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Sep 2, 2016, Steven J Newby (director officer ) sold 12,500 shares at $25.00 per share price. According to the SEC, on Sep 2, 2016, Brock M Degeyter (officer ) sold 3,920 shares at $25.01 per share price. On Sep 2, 2016, Matthew S. Harrison (officer ) sold 3,080 shares at $25.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Summit Midstream Partners LP is a limited partnership focused on developing owning and operating midstream energy infrastructure assets. The Companys assets are located in the producing areas of unconventional resource basins primarily shale formations in North America. It provides natural gas gathering treating and processing services pursuant to long-term and natural gas gathering and processing agreements with its customers and counterparties. The Company conducts its operations in the midstream sector through four segments: the Marcellus Shale which is served by Mountaineer Midstream; the Williston Basin which is served by Bison Midstream; the Barnett Shale which is served by DFW Midstream and the Piceance Basin which is served by Grand River. It operates in four unconventional resource basins: the Appalachian Basin; the Williston Basin; the Fort Worth Basin and the Piceance Basin.