Insider & Institutional Ownership
43.0% of Summit Midstream shares are held by institutional investors. Comparatively, 51.7% of shares of all “Natural gas transmission” companies are held by institutional investors. 5.3% of Summit Midstream shares are held by company insiders. Comparatively, 5.6% of shares of all “Natural gas transmission” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Risk and Volatility
Summit Midstream has a beta of 2.39, suggesting that its stock price is 139% more volatile than the S&P 500. Comparatively, Summit Midstream’s peers have a beta of 1.75, suggesting that their average stock price is 75% more volatile than the S&P 500.
Valuation and Earnings
This table compares Summit Midstream and its peers top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Summit Midstream | $449.92 million | -$38.95 million | -2.73 |
Summit Midstream Competitors | $25.14 billion | $808.99 million | 51.01 |
Profitability
This table compares Summit Midstream and its peers’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Summit Midstream | -23.01% | 0.71% | 0.22% |
Summit Midstream Competitors | 18.02% | 13.32% | 4.78% |
Summary
Summit Midstream peers beat Summit Midstream on 8 of the 9 factors compared.
Summit Midstream Company Profile
Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.
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