Noble Financial Brokers Reduce Earnings Estimates for SMC

Summit Midstream Partners, LP (NYSE:SMC) – Stock analysts at Noble Financial dropped their Q1 2026 earnings per share (EPS) estimates for shares of Summit Midstream Partners in a research report issued to clients and investors on Wednesday, March 18th. Noble Financial analyst M. Reichman now expects that the company will post earnings of ($0.49) per share for the quarter, down from their previous forecast of $0.30. Noble Financial has a “Outperform” rating and a $47.00 price objective on the stock. Noble Financial also issued estimates for Summit Midstream Partners’ Q2 2026 earnings at ($0.41) EPS, Q3 2026 earnings at ($0.21) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($1.19) EPS and FY2027 earnings at $1.07 EPS.

Summit Midstream Partners (NYSE:SMC) last released its earnings results on Monday, March 16th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.96). The company had revenue of $142.29 million for the quarter, compared to analyst estimates of $150.07 million.

Several other research analysts have also commented on the stock. Zacks Research upgraded shares of Summit Midstream Partners to a “hold” rating in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Summit Midstream Partners in a report on Monday, December 29th. Finally, Summit Redstone set a $47.00 price target on Summit Midstream Partners in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Summit Midstream Partners currently has an average rating of “Hold” and a consensus target price of $47.00.

Summit Midstream Partners Trading Up 2.9%

Shares of Summit Midstream Partners stock opened at $31.34 on Friday. The stock has a market capitalization of $588.78 million, a P/E ratio of -1.72 and a beta of 0.92. The business’s fifty day moving average price is $28.98 and its 200 day moving average price is $25.54. Summit Midstream Partners has a twelve month low of $19.13 and a twelve month high of $38.30.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Summit Midstream Partners by 0.3% during the 4th quarter. Invesco Ltd. now owns 971,063 shares of the company’s stock valued at $25,908,000 after purchasing an additional 2,983 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Summit Midstream Partners by 10.8% during the fourth quarter. Empowered Funds LLC now owns 81,759 shares of the company’s stock valued at $2,181,000 after acquiring an additional 7,953 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Summit Midstream Partners during the fourth quarter worth about $531,000. Bridgeway Capital Management LLC increased its position in shares of Summit Midstream Partners by 7.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 109,759 shares of the company’s stock worth $2,928,000 after acquiring an additional 7,953 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Summit Midstream Partners by 115.0% in the fourth quarter. Cetera Investment Advisers now owns 27,693 shares of the company’s stock worth $739,000 after acquiring an additional 14,810 shares in the last quarter. 42.97% of the stock is owned by institutional investors and hedge funds.

Summit Midstream Partners Company Profile

Summit Midstream Partners is a publicly traded master limited partnership that provides gathering, compression, processing and transportation services for natural gas, natural gas liquids (NGLs) and crude oil in key U.S. onshore basins. The company’s assets include a network of intrastate and interstate pipelines, processing plants, fractionators and storage facilities designed to serve producers, marketers and end users throughout the Appalachian, Gulf Coast, Mid-Continent and Western Canadian Sedimentary basins.

In the Appalachian region, Summit operates extensive gathering lines and multiple gas-processing complexes connected to the Mountaineer NGL Hub, one of the largest fractionation and storage hubs in the Mid-Atlantic.