Summit Midstream Financials

SMC Stock   37.36  0.01  0.03%   
Based on the analysis of Summit Midstream's profitability, liquidity, and operating efficiency, Summit Midstream is not in a good financial situation at this time. It has a very high risk of going through financial distress in December. At present, Summit Midstream's Liabilities And Stockholders Equity is projected to decrease significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 11.6 M, whereas Total Assets are forecasted to decline to about 2 B. Key indicators impacting Summit Midstream's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Operating Income61 M80.8 M
Way Down
Slightly volatile
Current Ratio0.70.7344
Sufficiently Down
Slightly volatile
The essential information of the day-to-day investment outlook for Summit Midstream includes many different criteria found on its balance sheet. An individual investor should monitor Summit Midstream's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Summit Midstream.

Net Income

(40.89 Million)

  
Understanding current and past Summit Midstream Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Summit Midstream's financial statements are interrelated, with each one affecting the others. For example, an increase in Summit Midstream's assets may result in an increase in income on the income statement.
Please note, the presentation of Summit Midstream's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Summit Midstream's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Summit Midstream's management manipulating its earnings.

Summit Midstream Stock Summary

Summit Midstream competes with Wendys, Delek Drilling, Nabors Industries, Shake Shack, and Bt Brands. Summit Midstream is entity of United States. It is traded as Stock on NYSE exchange.
Specialization
Energy, Oil & Gas Midstream
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CUSIP866142102 866142409 86614G101
Older SymbolSMLP
LocationTexas; U.S.A
Business Address910 Louisiana Street,
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.summitmidstream.com
Phone832 413 4770

Summit Midstream Key Financial Ratios

Summit Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Summit Midstream's current stock value. Our valuation model uses many indicators to compare Summit Midstream value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Summit Midstream competition to find correlations between indicators driving Summit Midstream's intrinsic value. More Info.
Summit Midstream is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about  0.21  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Summit Midstream is roughly  4.80 . At present, Summit Midstream's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Summit Midstream's earnings, one of the primary drivers of an investment's value.

Summit Midstream Systematic Risk

Summit Midstream's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Summit Midstream volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Summit Midstream correlated with the market. If Beta is less than 0 Summit Midstream generally moves in the opposite direction as compared to the market. If Summit Midstream Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Summit Midstream is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Summit Midstream is generally in the same direction as the market. If Beta > 1 Summit Midstream moves generally in the same direction as, but more than the movement of the benchmark.

Summit Midstream Thematic Clasifications

Summit Midstream is part of Basic Utilities investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Electric, gas, water, and other energy utilities. Companies involved in production and distribution of electric, gas, water, and other energy utilities
Basic UtilitiesView
This theme covers Electric, gas, water, and other energy utilities. Companies involved in production and distribution of electric, gas, water, and other energy utilities. Get More Thematic Ideas
Today, most investors in Summit Midstream Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Summit Midstream's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Summit Midstream growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.19

At present, Summit Midstream's Price Earnings To Growth Ratio is projected to increase significantly based on the last few years of reporting.

Summit Midstream November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Summit Midstream help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Summit Midstream. We use our internally-developed statistical techniques to arrive at the intrinsic value of Summit Midstream based on widely used predictive technical indicators. In general, we focus on analyzing Summit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Summit Midstream's daily price indicators and compare them against related drivers.

Complementary Tools for Summit Stock analysis

When running Summit Midstream's price analysis, check to measure Summit Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.
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