Summit Midstream (SMLP) Raised to "Buy" at Citigroup


The stock decreased 1.10% or $0.6 during the last trading session, reaching $54.14. About 143,484 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has declined 38.73% since April 21, 2017 and is downtrending. EQM underperformed the S&P500 by 36.99%.

Kbr Inc (NYSE:KBR) had a decrease of 32.63% in short interest.

On average, analysts expect that Summit Midstream will report full-year sales of $103.77 million for the current year, with estimates ranging from $403.90 million to $453.00 million. With 2.21M avg volume, 3 days are for Kbr Inc (NYSE:KBR)'s short sellers to cover KBR's short positions.

The stock decreased 1.07% or $0.12 during the last trading session, reaching $11.13. The stock's average target of $8.67 is -22.10% below today's ($11.13) share price. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 21, 2017 and is uptrending. It has outperformed by 7.39% the S&P500. EPS of $1.01 is 3.06 % up from 2017's $0.98 EPS. In case of $1.44 earnings per share EQM's profit could be $116.04M. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has "Hold" rating given on Monday, July 17 by Stifel Nicolaus. Also, the number of investment managers holding TTM Technologies Inc in top ten positions was flat from 2 to 2 for the same number. Mastercard Incorporated (NYSE:MA) was raised too. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Therefore 61% are positive.

On May, 3 Summit Midstream Partners, LP (NYSE:SMLP)'s earnings release is awaited by WallStreet, as reported by Faxor. The firm has "Hold" rating given on Sunday, October 1 by RBC Capital Markets. The stock of Noble Midstream Partners LP (NYSE:NBLX) earned "Buy" rating by Robert W. Baird on Tuesday, March 6. On Friday, March 16 Morgan Stanley maintained the shares of EQM in report with "Overweight" rating. US Capital Advisors upgraded shares of Summit Midstream from a "sell" rating to a "hold" rating in a research note on Friday. Howard Weil downgraded EQT Midstream Partners, LP (NYSE:EQM) rating on Tuesday, December 15. The firm has "Buy" rating given on Wednesday, November 15 by Robert W. Baird. Barclays Capital maintained it with "Underweight" rating and $21 target in Wednesday, March 7 report.

Investors sentiment decreased to 0.76 in Q4 2017. It has change of 0.41, from 2017Q3's 0.83. It dropped, as 19 investors sold EQM shares while 65 reduced holdings. 26 funds bought positions and 57 increased positions. Manufacturers Life Ins Company The invested in 0% or 3,697 shs. Moreover, Adell Harriman Carpenter has 0.08% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). 35,150 are owned by Usca Ria Lc. Shares for $52,263 were sold by MOYLAN JAMES E JR. Deutsche Bancorp Ag has 388,234 shares for 0.02% of their portfolio. Spirit Of America Mgmt New York reported 373,958 shares. Rockefeller Financial Services Incorporated has invested 0% in EQT Midstream Partners, LP (NYSE:EQM). Fdx Advsrs owns 64,034 shares or 0.12% of their United States portfolio. Northwestern Mutual Wealth Company holds 0% or 283 shares in its portfolio. Tru Communication Of Virginia Va stated it has 1.52% in The Home Depot, Inc. Its down 0.07, from 1.03 in 2017Q3. The Illinois-based Advisory Research Inc has invested 0.97% in the stock. 164 funds opened positions while 501 raised stakes. The institutional investor held 322,078 shares of the public utilities company at the end of 2017Q4, valued at $23.54M, down from 336,215 at the end of the previous reported quarter. Whittier has invested 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Tph Asset Mngmt Limited Liability Corporation holds 543,970 shares. Mariner Invest Group Inc Limited reported 175,384 shares or 5.36% of all its holdings.

NYSE SMLP traded down $0.35 on Friday, hitting $13.55. Credit Suisse Group began coverage on Summit Midstream in a research report on Thursday, January 4th. -2.88 % negative EPS growth is what analysts predict. $1.04 EPS was published for last [previous quarter]. 1St Source Fincl Bank holds 0.02% of its portfolio in Intuit Inc. (NYSE:KBR). Arizona State Retirement Sys owns 100,828 shares or 0.02% of their USA portfolio. 16,000 were accumulated by Lingohr Partner Asset Mngmt Gmbh. 145,500 are owned by State Of New Jersey Common Pension Fund D. Tph Asset Management Limited Liability Company reported 55,268 shares. Eqis Cap reported 0.01% stake. On Tuesday, October 31 the stock rating was maintained by Mizuho with "Hold". Therefore 71% are positive. (NYSE:VG) on Wednesday, September 14 with "Outperform" rating. The firm earned "Hold" rating on Wednesday, August 2 by BMO Capital Markets. They now have an overweight rating on the pipeline company's stock. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. As per Monday, February 27, the company rating was upgraded by Bank of America. M Partners initiated the stock with "Neutral" rating in Wednesday, June 29 report. The firm earned "Outperform" rating on Thursday, February 22 by BMO Capital Markets. The firm has "Buy" rating by M Partners given on Monday, November 21. Stifel Nicolaus has "Hold" rating and $77.0 target.

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