Summit Midstream Stock Buy Hold or Sell Recommendation
| SMC Stock | 36.48 0.14 0.39% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Summit Midstream is 'Hold'. Macroaxis provides Summit Midstream buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SMC positions.
Check out Summit Midstream Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide. In addition, we conduct extensive research on individual companies such as Summit and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Summit Midstream. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Summit |
Execute Summit Midstream Buy or Sell Advice
The Summit recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Summit Midstream. Macroaxis does not own or have any residual interests in Summit Midstream or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Summit Midstream's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Summit Midstream Trading Alerts and Improvement Suggestions
| Summit Midstream has high likelihood to experience some financial distress in the next 2 years | |
| Summit Midstream was previously known as Summit Midstream Partners and was traded on New York Stock Exchange under the symbol SMLP. | |
| The company reported the last year's revenue of 458.9 M. Reported Net Loss for the year was (38.95 M) with profit before taxes, overhead, and interest of 0. | |
| Summit Midstream has a poor financial position based on the latest SEC disclosures | |
| About 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from thelincolnianonline.com: Analyzing Summit Midstream and Its Competitors |
Summit Midstream Returns Distribution Density
The distribution of Summit Midstream's historical returns is an attempt to chart the uncertainty of Summit Midstream's future price movements. The chart of the probability distribution of Summit Midstream daily returns describes the distribution of returns around its average expected value. We use Summit Midstream price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Summit Midstream returns is essential to provide solid investment advice for Summit Midstream.
| Mean Return | 0.04 | Value At Risk | -2.38 | Potential Upside | 3.24 | Standard Deviation | 2.17 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Summit Midstream historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Summit Midstream Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Summit Midstream or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Summit Midstream's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Summit stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 2.11 | |
Ir | Information ratio | -0.004 |
Summit Midstream Volatility Alert
Summit Midstream currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Summit Midstream's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Summit Midstream's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Summit Midstream Fundamentals Vs Peers
Comparing Summit Midstream's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Summit Midstream's direct or indirect competition across all of the common fundamentals between Summit Midstream and the related equities. This way, we can detect undervalued stocks with similar characteristics as Summit Midstream or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Summit Midstream's fundamental indicators could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Summit Midstream to competition |
| Fundamentals | Summit Midstream | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.0226 | -0.14 |
| Profit Margin | 0.21 % | (1.27) % |
| Operating Margin | 0.10 % | (5.51) % |
| Current Valuation | 1.14 B | 16.62 B |
| Shares Outstanding | 10.65 M | 571.82 M |
| Shares Owned By Insiders | 13.33 % | 10.09 % |
| Shares Owned By Institutions | 33.71 % | 39.21 % |
| Number Of Shares Shorted | 56.05 K | 4.71 M |
| Price To Book | 0.45 X | 9.51 X |
| Price To Sales | 0.78 X | 11.42 X |
| Revenue | 458.9 M | 9.43 B |
| EBITDA | 193.32 M | 3.9 B |
| Net Income | (38.95 M) | 570.98 M |
| Total Debt | 1.47 B | 5.32 B |
| Book Value Per Share | 67.58 X | 1.93 K |
| Cash Flow From Operations | 126.91 M | 971.22 M |
| Short Ratio | 1.56 X | 4.00 X |
| Earnings Per Share | 6.19 X | 3.12 X |
| Number Of Employees | 244 | 18.84 K |
| Beta | 2.38 | -0.15 |
| Market Capitalization | 368.34 M | 19.03 B |
| Total Asset | 2.49 B | 29.47 B |
| Working Capital | (35.59 M) | 1.48 B |
| Net Asset | 2.49 B |
Note: Disposition of 1000 shares by Deneke J Heath of Summit Midstream at 34.94 subject to Rule 16b-3 [view details]
Summit Midstream Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Summit . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 618.75 | |||
| Daily Balance Of Power | 0.1489 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 36.53 | |||
| Day Typical Price | 36.51 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.14 |
About Summit Midstream Buy or Sell Advice
When is the right time to buy or sell Summit Midstream? Buying financial instruments such as Summit Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Summit Midstream Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.