Summit Midstream Partners, LP was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.30 to $15.56 in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Summit Midstream Partners. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Summit Midstream Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Oil and Gas - Production Pipeline – MLB industry may consider a better-ranked stock like EnLink Midstream Partners, LP , which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SMLP going up? Or down? Predict to see what others think:Up or Down
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
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Summit Midstream Partners (SMLP) Looks Good: Stock Adds 8% in Session
Summit Midstream Partners, LP was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.30 to $15.56 in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Summit Midstream Partners. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Summit Midstream Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Summit Midstream Partners, LP Price
Summit Midstream Partners, LP Price | Summit Midstream Partners, LP Quote
Investors interested in the Oil and Gas - Production Pipeline – MLB industry may consider a better-ranked stock like EnLink Midstream Partners, LP , which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SMLP going up? Or down? Predict to see what others think:Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>