EPS for Summit Midstream Partners, LP (SMLP) Expected At $0.07; U S Global Investors Has Cut Its Delta Air Lines Del (DAL) Position

April 25, 2018 - By Nellie Frank

Delta Air Lines, Inc. (NYSE:DAL) Logo

Analysts expect Summit Midstream Partners, LP (NYSE:SMLP) to report $0.07 EPS on May, 3.They anticipate $0.09 EPS change or 56.25% from last quarter’s $0.16 EPS. SMLP’s profit would be $5.22M giving it 54.11 P/E if the $0.07 EPS is correct. After having $0.25 EPS previously, Summit Midstream Partners, LP’s analysts see -72.00% EPS growth. It closed at $15.15 lastly. It is down 38.73% since April 25, 2017 and is downtrending. It has underperformed by 50.28% the S&P500.

U S Global Investors Inc decreased Delta Air Lines Inc Del (DAL) stake by 24.87% reported in 2017Q4 SEC filing. U S Global Investors Inc sold 73,800 shares as Delta Air Lines Inc Del (DAL)’s stock declined 3.16%. The U S Global Investors Inc holds 222,934 shares with $12.48 million value, down from 296,734 last quarter. Delta Air Lines Inc Del now has $38.01 billion valuation. The stock increased 0.93% or $0.5 during the last trading session, reaching $54.31. About 1.56M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since April 25, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on July, 12. They expect $1.91 EPS, up 16.46% or $0.27 from last year’s $1.64 per share. DAL’s profit will be $1.34B for 7.11 P/E if the $1.91 EPS becomes a reality. After $0.74 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 158.11% EPS growth.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 76 analyst reports since August 3, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Tuesday, September 5 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Monday, December 5 by Deutsche Bank. The firm has “Buy” rating given on Friday, January 12 by Imperial Capital. The firm earned “Buy” rating on Friday, November 18 by Citigroup. Cowen & Co maintained the shares of DAL in report on Tuesday, April 3 with “Buy” rating. The company was maintained on Tuesday, November 22 by Imperial Capital. The company was maintained on Friday, October 14 by Imperial Capital. The firm has “Buy” rating by Imperial Capital given on Thursday, March 15. The rating was maintained by Buckingham Research with “Buy” on Wednesday, October 5. The firm has “Outperform” rating by Evercore given on Friday, April 7.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.04, from 1.15 in 2017Q3. It fall, as 54 investors sold DAL shares while 267 reduced holdings. 104 funds opened positions while 251 raised stakes. 583.95 million shares or 0.88% less from 589.14 million shares in 2017Q3 were reported. U S Glob Investors has 222,934 shares for 5.69% of their portfolio. Bremer Natl Association accumulated 0.51% or 33,604 shares. Koch Inc holds 0.11% in Delta Air Lines, Inc. (NYSE:DAL) or 13,523 shares. Cwm Limited Liability Corporation has invested 0.15% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Sumitomo Mitsui Trust Holding holds 554,459 shares. Adams Diversified Equity Fund holds 0.85% or 282,200 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 8,800 shares or 0.05% of all its holdings. Louisiana State Employees Retirement Sys accumulated 0.1% or 39,700 shares. First Allied Advisory Services Inc owns 20,057 shares. Par Cap reported 8.17% stake. 67,013 are owned by Alphamark Advsrs. Blackrock Inc invested in 0.1% or 35.80 million shares. Tocqueville Asset Mgmt LP holds 761,799 shares or 0.48% of its portfolio. Shellback Capital Ltd Partnership holds 363,951 shares or 1.52% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.14% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 62,318 shares.

Since December 15, 2017, it had 1 buy, and 10 sales for $16.46 million activity. Shares for $50,511 were sold by Smith Joanne D. Bastian Edward H sold $4.10 million worth of stock or 73,211 shares. 9,000 shares valued at $504,540 were sold by West W Gilbert on Friday, February 2. Sear Steven M sold $604,333 worth of Delta Air Lines, Inc. (NYSE:DAL) on Monday, December 18. Jacobson Paul A also sold $2.40M worth of Delta Air Lines, Inc. (NYSE:DAL) shares. 3,350 shares were bought by BLAKE FRANCIS S, worth $200,193 on Friday, January 12. HAUENSTEIN GLEN W sold $1.76M worth of stock or 31,600 shares.

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in North America. The company has market cap of $1.13 billion. The firm provides natural gas gathering, treating, and processing services. It has a 15.46 P/E ratio. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the DJ Basin, which includes the Niobrara shale formation in northeastern Colorado.

Among 10 analysts covering Summit Midstream Partners (NYSE:SMLP), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Summit Midstream Partners had 36 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, January 29 by SunTrust. The firm earned “Buy” rating on Sunday, October 15 by RBC Capital Markets. The company was maintained on Tuesday, September 6 by RBC Capital Markets. The firm earned “Buy” rating on Friday, November 3 by Robert W. Baird. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 11. RBC Capital Markets maintained it with “Buy” rating and $29.0 target in Tuesday, January 16 report. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has “Outperform” rating given on Wednesday, January 11 by Wells Fargo. The stock of Summit Midstream Partners, LP (NYSE:SMLP) earned “Market Perform” rating by Wells Fargo on Monday, January 18. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11. Goldman Sachs maintained it with “Neutral” rating and $18 target in Thursday, May 12 report.

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.41, from 0.83 in 2017Q3. It increased, as 8 investors sold Summit Midstream Partners, LP shares while 17 reduced holdings. 12 funds opened positions while 19 raised stakes. 36.88 million shares or 3.16% more from 35.75 million shares in 2017Q3 were reported. Guggenheim Capital Ltd Liability Corporation reported 0% stake. Raymond James Financial accumulated 10,300 shares. Rafferty Asset Mngmt Ltd stated it has 0.04% in Summit Midstream Partners, LP (NYSE:SMLP). Spirit Of America Mgmt Corp New York holds 0.85% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 373,958 shares. Bnp Paribas Arbitrage reported 7,682 shares. Penbrook Management stated it has 0.58% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Credit Suisse Ag owns 46,650 shares. Citadel Advsrs Ltd Liability has 11,685 shares for 0% of their portfolio. Morgan Stanley reported 789,138 shares. Metropolitan Life Insur Co Ny invested in 0.04% or 128,855 shares. Goldman Sachs Group owns 668,684 shares for 0% of their portfolio. Clearbridge Investments Lc holds 0.01% in Summit Midstream Partners, LP (NYSE:SMLP) or 753,610 shares. Moreover, Blackstone Grp Inc L P has 0.25% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 3.04 million shares. Regions Fincl Corp invested in 0% or 1,000 shares. Tph Asset Limited Liability Corp owns 543,970 shares for 1.1% of their portfolio.

Summit Midstream Partners, LP (NYSE:SMLP) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>