Noble Financial Issues Optimistic Forecast for SMC Earnings

Posted by George Bondi on Aug 14th, 2026

Summit Midstream Partners, LP (NYSE:SMC – Free Report) – Research analysts at Noble Financial upped their Q3 2026 EPS estimates for shares of Summit Midstream Partners in a report issued on Wednesday, August 12th. Noble Financial analyst M. Reichman now forecasts that the company will post earnings of $0.34 per share for the quarter, up from their previous estimate of ($0.15). The consensus estimate for Summit Midstream Partners’ current full-year earnings is ($0.93) per share. Noble Financial also issued estimates for Summit Midstream Partners’ Q4 2026 earnings at $0.31 EPS and FY2026 earnings at $0.40 EPS.

A number of other analysts have also recently weighed in on SMC. Weiss Ratings reissued a “hold (c-)” rating on shares of Summit Midstream Partners in a report on Friday, August 7th. Summit Redstone set a $39.00 price objective on shares of Summit Midstream Partners in a research report on Monday, August 3rd. Finally, TD Cowen raised their price target on Summit Midstream Partners from $39.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Read Our Latest Research Report on SMC

Summit Midstream Partners Price Performance

Summit Midstream Partners stock opened at $34.77 on Friday. Summit Midstream Partners has a 52-week low of $19.13 and a 52-week high of $36.47. The firm has a market cap of $707.18 million, a PE ratio of -31.32 and a beta of 0.71. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average is $30.16 and its two-hundred day moving average is $30.01.

Summit Midstream Partners (NYSE:SMC – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.47. Summit Midstream Partners had a negative net margin of 0.06% and a negative return on equity of 0.04%. The firm had revenue of $155.01 million during the quarter, compared to analyst estimates of $169.00 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Summit Midstream Partners during the 1st quarter valued at about $46,000. New York State Common Retirement Fund acquired a new position in shares of Summit Midstream Partners during the 2nd quarter valued at about $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Summit Midstream Partners by 5,417.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,517 shares of the company’s stock worth $135,000 after purchasing an additional 5,417 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Summit Midstream Partners in the fourth quarter worth $186,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Summit Midstream Partners during the 4th quarter worth about $215,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Summit Midstream Partners

In other Summit Midstream Partners news, VP James David Johnston sold 2,600 shares of Summit Midstream Partners stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $29.72, for a total value of $77,272.00. Following the completion of the transaction, the vice president owned 75,357 shares of the company’s stock, valued at $2,239,610.04. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jerry L. Peters sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $32.00, for a total value of $320,000.00. Following the completion of the sale, the director directly owned 16,979 shares in the company, valued at $543,328. This represents a 37.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 42.96% of the stock is owned by company insiders.

Summit Midstream Partners announced that its board has authorized a stock buyback plan on Monday, June 1st that authorizes the company to repurchase $35.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

About Summit Midstream Partners

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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.