How to Buy Summit Midstream Partners Stock
Summit Midstream Partners LP
Summit Midstream Partners is a oil & gas midstream company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker SMLP on the NYSE exchange.
Summit Midstream Partners stock last closed at $28.99, up 3.46% from the previous day, and has increased 85% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.62 percentage points. Summit Midstream Partners stock is currently +123% from its 52-week low of $13.00, and -1.85% from its 52-week high of $29.54.
There are currently 10.42M SMLP shares outstanding. The market value of SMLP is $301.95M. In the last 24 hours, 27,558 SMLP shares were traded.
How to Buy Summit Midstream Partners Stock
Wondering how to invest in Summit Midstream Partners stock? Here's how.
- Figure out where to buy Summit Midstream Partners stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Summit Midstream Partners stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your information.
- Research Summit Midstream Partners stock: The Summit Midstream Partners ticker symbol is SMLP. Is Summit Midstream Partners stock a good investment? Should you buy shares of SMLP? How do SMLP's underlying business fundamentals look? Do top analysts think Summit Midstream Partners is a good buy? Why has SMLP's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if SMLP is a good stock to buy).
- Place your SMLP trade: Decide if you will purchase SMLP shares at the current market price or use a limit order to purchase SMLP shares at a particular price.
- Get notifications regarding your investment in SMLP: Create a watchlist to monitor your new investment in Summit Midstream Partners stock.
Step 1: Figure out where to buy Summit Midstream Partners stock
You need a brokerage account to access the NYSE market and buy SMLP shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Healthcare, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you can invest in SMLP today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've finished signing up on one of the most highly reviewed stock apps, you need to deposit funds:
Check out the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Research Summit Midstream Partners stock
After you have figured out the best place to buy Summit Midstream Partners stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk and opportunity.
Summit Midstream Partners quick stats
Summit Midstream Partners Fundamentals
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SMLP's stock page.
How is SMLP stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SMLP's intrinsic value.
Using relative valuations ratios:
- SMLP may be undervalued based on its P/B ratio of 0.42x, relative to Oil & Gas Midstream industry P/B ratio of 2.35x
You can access more valuation research on SMLP's stock here.
Is SMLP a healthy company?
Passed Financial Due Diligence Checks:
- SMLP profit margin has gone up from -34.5% to -13.7% in the past year.
Failed Financial Due Diligence Checks:
- SMLP has a relatively high debt to equity ratio of 2.3.
- Total SMLP debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the SMLP balance sheet.
- There are more long-term liabilities than short-term assets on the SMLP balance sheet.
- SMLP's operating cash flow of $126.91M allows it to safely service it's debt of $1.47B.
- SMLP earnings of $89.58M is not sufficient to cover its interest payments.
You can dig deeper into what analysts are projecting on the Summit Midstream Partners stock forecast page.
SMLP Momentum
SMLP Performance Numbers
Last year, SMLP revenue was $458.90M. During the last 5 year, SMLP's revenue has increased by -1.96% per year. This was slower than the Oil & Gas Midstream industry average of 8.41%.
You can analyze SMLP's earnings and revenue performance here.
Latest Insiders Trades at SMLP
In the past year, executives and large shareholders at SMLP have sold more shares than they have bought.
James David Johnston, Officer of SMLP, was the latest SMLP insider to sell. They sold $85,714.00 worth of SMLP stock on Mar 22, 2024.
Dig into more about who owns SMLP stock here.
Does SMLP stock generate passive income?
No, Summit Midstream Partners doesn't provide an income stream by paying out dividends.
What others are saying about SMLP
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your SMLP trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in SMLP
Now that you own some SMLP stock, you'll want to stay up-to-date on your shares.
Create a watchlist to get the latest updates about your SMLP stock.
SMLP Feed
How to Buy Stock in Summit Midstream Partners
To summarize, here are the 6 steps you need to take to buy Summit Midstream Partners stock right now:
- Figure out where to buy Summit Midstream Partners stock
- Open a brokerage account
- Deposit money your investment account
- Research Summit Midstream Partners stock
- Place your SMLP trade
- Get notifications regarding your investment in SMLP
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Summit Midstream Partners, create a watchlist today.
Trending Content
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.