Energy Transfer Buys WTG Midstream to Expand Operation
Slightly above 67% of Summit Midstream's investor base is looking to short. The analysis of current outlook of investing in Summit Midstream Partners suggests that many traders are alarmed regarding Summit Midstream's prospects. Summit Midstream's investing sentiment overview a quick insight into current market opportunities from investing in Summit Midstream Partners. Many technical investors use Summit Midstream Partners stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Summit |
Energy Transfer completes the acquisition of WTG Midstream through cash and by issuing common units. This acquisition will further expand the firms midstream operation in the Midland Basin.
Read at zacks.com
 |
Summit Midstream Fundamental Analysis
We analyze Summit Midstream's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Midstream based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Gross Profit
Gross Profit Comparative Analysis
Summit Midstream is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Summit Midstream Partners Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Midstream stock to make a market-neutral strategy. Peer analysis of Summit Midstream could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics with similar companies.
Peers
Summit Midstream Related Equities
| WES | Western Midstream | 2.73 | ||||
| HESM | Hess Midstream | 1.58 | ||||
| GEL | Genesis Energy | 1.53 | ||||
| ENLC | EnLink Midstream | 1.01 | ||||
| DTM | DT Midstream | 0.29 | ||||
| NGL-PC | NGL Energy | 0.08 | ||||
| MMLP | Martin Midstream | 0.25 | ||||
| NGL-PB | NGL Energy | 1.60 | ||||
| BROG | Brooge Holdings | 5.04 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Midstream Partners check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Midstream's history and understand the potential risks before investing.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |