Published: Sat, May 20, 2017
Business | By Max Garcia

Summit Midstream Partners (SMLP) Shares Cross Above 200 DMA

Summit Midstream Partners (SMLP) Shares Cross Above 200 DMA

Credit Suisse Group AG upgraded shares of Magellan Midstream Partners, L.P. (NYSE:MMP) from an underperform rating to a neutral rating in a report published on Thursday, May 4th. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Using a broader approach, the stock has been trading 21.99% off of the 200-day moving average. Enable Midstream Partners earned a media sentiment score of 0.56 on Alpha One's scale. The fund owned 48,272 shares of the pipeline company's stock at the end of the first quarter.

EnLink Midstream Partners, LP is a midstream company. Sigma Planning Corp now owns 15,623 shares of the pipeline company's stock worth $1,105,000 after buying an additional 524 shares during the last quarter. The stock's price is floating in a range of $12.24 and $12.53 whereas, it's 52-week High Price is $16.17 with respect to its 52-week Low Price of $8.23. The stock has a 50 day moving average price of $31.21 and a 200 day moving average price of $29.78. After $-0.23 actual earnings per share reported by Petroquest Energy Inc for the previous quarter, Wall Street now forecasts -26.09% EPS growth. JP Morgan maintained EnLink Midstream LLC (NYSE:ENLC) on Wednesday, March 30 with "Neutral" rating. The business had revenue of $519.80 million for the quarter, compared to the consensus estimate of $554.22 million. Analysts are expecting an EPS change of 67.50% for the current year.

Let's take a quick look at how the price of PennTex Midstream Partners, LP (NASDAQ:PTXP) is now trading in comparison to some of its simple moving averages.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Over the past week, shares are -0.71%. The ex-dividend date was Monday, May 1st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.93%. With 130,700 avg volume, 5 days are for Enable Midstream Partners LP (NYSE:ENBL)'s short sellers to cover ENBL's short positions.

A number of research analysts recently commented on the company. A 1 rating would signify a Strong Buy. The rating was upgraded by Zacks to "Hold" on Friday, August 28. Covering sell-side analysts are estimating company growth for next year to be 90.22%.

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In terms of performance, shares of Deere & Company (NYSE:DE) are 9.95% since the start of 2016. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Silvercrest Asset Management Gp Inc Lc accumulated 157,966 shares or 0.14% of the stock. Icon Advisers Inc. Co. now owns 160,600 shares of the pipeline company's stock worth $11,361,000 after buying an additional 6,600 shares during the last quarter.

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources' production. The Value Composite Two of Rice Midstream Partners LP (NYSE:RMP) is 63. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources' wells in West Virginia and Ohio.

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