Summit Midstream Partners LP (NYSE: SMLP) stock closed at $34.02 on 5/3/24 after a major increase of 20.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 201% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 21.4% during the last week.
Current PriceTarget Research Rating
SMLP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Summit Midstream Partners has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Summit Midstream Partners has a slightly positive Appreciation Score of 65 and a very high Power Rating of 89, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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