Summit Midstream Partners (NYSE:SMC) Shares Gap Up – Should You Buy?

Posted by Francis Steltz on Jun 1st, 2026

Summit Midstream Partners, LP (NYSE:SMC – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $26.65, but opened at $28.56. Summit Midstream Partners shares last traded at $30.1450, with a volume of 26,108 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Summit Midstream Partners from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.00.

Read Our Latest Stock Analysis on SMC

Summit Midstream Partners Stock Performance

The firm has a market capitalization of $606.82 million, a PE ratio of -15.79 and a beta of 0.77. The company has a fifty day moving average price of $30.26 and a 200-day moving average price of $28.46.

Summit Midstream Partners (NYSE:SMC – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.06. The business had revenue of $139.14 million during the quarter, compared to analysts’ expectations of $139.88 million. On average, equities analysts predict that Summit Midstream Partners, LP will post -0.93 earnings per share for the current year.

Insider Activity at Summit Midstream Partners

In other news, Director Jerry L. Peters sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $32.00, for a total value of $320,000.00. Following the sale, the director directly owned 16,979 shares in the company, valued at $543,328. The trade was a 37.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Summit Midstream Partners

Several institutional investors have recently modified their holdings of SMC. Public Employees Retirement System of Ohio bought a new position in shares of Summit Midstream Partners during the 1st quarter valued at approximately $46,000. New York State Common Retirement Fund purchased a new position in Summit Midstream Partners during the second quarter worth $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Summit Midstream Partners by 5,417.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,517 shares of the company’s stock worth $135,000 after buying an additional 5,417 shares during the period. Deutsche Bank AG bought a new position in Summit Midstream Partners during the fourth quarter valued at $186,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Summit Midstream Partners in the third quarter valued at $204,000. 42.97% of the stock is owned by institutional investors.

About Summit Midstream Partners

(Get Free Report)

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.