Summit Midstream Partners LP (NYSE: SMLP) stock enjoyed a major increase of 10.4% on 11/29/23. The shares closed at $20.75. Moreover, trading volume in this advance was above average at 147% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.2% during the last week.
Current PriceTarget Research Rating
SMLP’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Summit Midstream Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Summit Midstream Partners has a good Power Rating of 79 and a very high Appreciation Score of 87, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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