Summit Competitors

Delisted . USA . 
Stock . Summit Midstream Partners
Summit Midstream Partners competes with Genesis Energy, Brooge Holdings, Hess Midstream, DT Midstream, and NGL Energy; as well as few others. The company conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. Analyzing Summit Midstream competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Summit Midstream to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Summit Midstream competition on your existing holdings.
  
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Summit Midstream Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Summit Midstream and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Summit and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Summit Midstream Partners does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
DTM
+ 0.91
HEP
NS
+ 0.89
HEP
MMLP
+ 0.86
HEP
NS
+ 0.84
MMLP
NGL-PC
+ 0.8
NGL-PB
NS
+ 0.79
NGL-PB
  
High negative correlations   
DTM
- 0.73
GEL
HEP
- 0.57
GEL
MMLP
- 0.47
GEL
HESM
- 0.46
BROG
GPP
- 0.46
GEL
NS
- 0.42
GEL

Risk-Adjusted Indicators

There is a big difference between Summit Stock performing well and Summit Midstream Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Summit Midstream's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GEL  1.41 (0.25) 0.00 (0.15) 0.00 
 0.00 
 3.25 
(2.58)
 14.40 
BROG  5.69  0.64  0.07  2.78  6.64 
(6.37)
 14.94 
(11.18)
 35.24 
GPP  1.27  0.15  0.04  0.63  1.32 
(1.39)
 2.88 
(2.31)
 7.85 
HEP  1.05  0.19  0.07  0.90  1.08 
(1.11)
 2.21 
(1.97)
 4.89 
HESM  0.87  0.05 (0.03) 0.25  1.00 
(0.98)
 2.08 
(1.75)
 5.41 
DTM  1.09  0.42  0.36  0.70  0.51 
(1.32)
 2.63 
(1.56)
 8.14 
NGL-PB  0.66  0.01 (0.09) 0.25  0.98 
(0.66)
 1.41 
(1.83)
 5.00 
MMLP  0.76  0.11  0.02  0.45  1.04 
(1.03)
 1.40 
(1.40)
 10.47 
NGL-PC  0.53  0.00 (0.11) 0.13  0.79 
(0.61)
 1.13 
(0.86)
 4.02 
NS  1.06  0.17  0.06  1.43  0.97 
(1.28)
 2.56 
(2.04)
 6.35 
All Fundamental Data

Summit Midstream Competitive Analysis

The better you understand Summit Midstream competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Summit Midstream's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Summit Midstream's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
GEL BROG GPP HEP HESM DTM NGL-PB MMLP NGL-PC NS
 0.58 
 11.91 
Genesis
 7.58 
 1.22 
Brooge
 0.50 
 14.16 
Green
 2.59 
 19.44 
Holly
 2.45 
 36.97 
Hess
 3.72 
 102.17 
DTM
 1.11 
 23.66 
NGL
 0.50 
 4.00 
Martin
 0.13 
 23.69 
NGL
 0.91 
 17.34 
NuStar
Market Volatility
(90 Days Market Risk)
Not too volatile
Very risky
Very steady
Very steady
Very steady
Very steady
Very steady
Slightly risky
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Modest
Very Weak
Very Weak
Modest
Strong
Insignificant
OK
OK
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Below Average
Average
Dangerous
Dangerous
Low
Low
Above Average
Below Average
About Average
Dangerous
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Under Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Buy
Buy
Not Available
Not Available
Buy
Buy
Not Available
Hold
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Sell
Not Rated
Not Rated
Cautious Hold
Strong Buy
Strong Sell
Hold
Cautious Hold
Not Rated
Current Ratio
1.13
0.56
1.42
1.18
0.93
2.86
1.1
0.75
1.1
1.08
Net Asset
7.02 B
485.98 M
121.42 M
2.75 B
3.79 B
8.98 B
6.07 B
509.38 M
6.07 B
4.9 B
Profit Margin
-9.0E-4
-0.46
0.46
0.41
0.13
0.41
0.0061
0.0058
0.0061
0.13
EBITDA
683.22 M
40.59 M
49.73 M
311.91 M
1.02 B
850 M
377.1 M
111.55 M
377.1 M
724.86 M
Operating Margin
0.0703
-0.28
0.58
0.45
0.61
0.49
0.0335
0.0731
0.0335
0.26
Current Valuation
5.46 B
390.81 M
373.34 M
4.24 B
7.42 B
13.4 B
6.36 B
686.27 M
6.37 B
6.93 B
Price To Book
1.23
2.55
151.7
2.96
7.43
2.55
N/A
N/A
N/A
2.57
Retained Earnings
(519.7 M)
(116.09 M)
99.85 M
581.16 M
179.7 M
661 M
N/A
(9.54 M)
N/A
(1.07 B)
Current Asset
306.32 M
239.72 K
33.92 M
61.14 M
77.11 M
N/A
N/A
167.82 M
N/A
333.85 M
Five Year Return
10.78
N/A
10.59
9.94
7.12
N/A
N/A
15.88
N/A
12.36
Beta
2.09
-0.23
0.75
0.84
1.48
0.74
1.9
2.11
1.9
1.69
Number Of Employees
2.11 K
N/A
45
24
N/A
402
842
N/A
842
1.18 K
Shares Outstanding
122.42 M
109.59 M
23.26 M
126.44 M
104.07 M
101.33 M
123.74 M
39 M
123.74 M
126.53 M
Cash Flow From Operations
521.13 M
58.57 M
46.18 M
331.05 M
866.4 M
798 M
205.85 M
137.47 M
205.85 M
514.27 M
Annual Yield
0.0551
N/A
0.15
0.0685
0.0723
0.0277
0.21
0.005
0.21
0.0729
Total Debt
4 B
160.1 M
106.88 M
1.63 B
3.21 B
3.27 B
3.35 B
481.76 M
3.35 B
3.42 B
Return On Equity
0.0172
-0.6
0.99
0.25
1.44
0.0968
0.0425
N/A
0.0425
0.18
Z Score
N/A
N/A
4.88
1.83
N/A
N/A
1.0
N/A
1.0
N/A
Return On Asset
0.022
0.0363
0.25
0.0573
0.14
0.0355
0.032
0.16
0.032
0.0586
Number Of Shares Shorted
3.05 M
35.23 K
203.92 K
1.65 M
4.4 M
2.86 M
2.54 K
102.1 K
7.54 K
3.01 M
Book Value Per Share
3.1
0.65
-0.047
7.09
5.1
43.42
3.71
-1.61
3.71
2.08
Current Liabilities
302.14 M
196.4 K
13.6 M
48.92 M
199.97 M
N/A
N/A
119.17 M
N/A
332.21 M
Total Asset
7.02 B
485.98 M
121.42 M
2.75 B
3.79 B
8.98 B
6.07 B
509.38 M
6.07 B
4.9 B
Debt To Equity
1.92
2.0
N/A
1.74
6.03
0.76
1.58
496.4
1.58
2.0
Short Ratio
5.25
1.15
1.89
4.43
6.08
4.1
0.04
1.01
0.74
4.96
Target Price
13.67
14.0
16.0
21.5
40.2
93.77
N/A
4.0
N/A
23.0
Last Dividend Paid
0.62
N/A
1.82
1.4
2.64
2.9
N/A
0.02
N/A
1.6
Shares Owned By Institutions
70.73
7.4
23.34
26.36
92.73
79.99
12.54
41.23
1.2
63.13
Market Capitalization
1.47 B
152.33 M
286.39 M
2.59 B
8.13 B
10.75 B
1.42 B
155.61 M
1.36 B
2.78 B
Price To Earning
24.01
25.74
7.96
11.36
21.18
19.85
9.65
5.57
12.64
23.0
Price To Earnings To Growth
11.35
N/A
0.49
3.69
1.57
1.98
N/A
12.84
N/A
2.29
Price To Sales
0.49
1.44
3.48
4.56
5.59
11.02
0.0757
0.22
0.0717
1.65
Net Income
117.72 M
(48.33 M)
38.28 M
229.91 M
118.6 M
384 M
(184.1 M)
(4.44 M)
(184.76 M)
273.66 M
Earnings Per Share
-0.74
-0.55
1.62
1.9
2.36
4.11
-2.22
0.11
-2.22
0.26
Shares Owned By Insiders
18.23
N/A
50.81
63.99
1.12
0.24
N/A
27.65
N/A
9.98
Revenue
3.18 B
105.7 M
82.39 M
547.48 M
1.35 B
922 M
7.95 B
797.96 M
7.95 B
1.63 B
Working Capital
(3.4 M)
(320.39 M)
8.9 M
17.29 M
(73.4 M)
(162 M)
N/A
13.75 M
N/A
(33.88 M)
Cash And Equivalents
7.93 M
28.71 M
16.53 M
10.92 M
2.6 M
345 M
26.4 M
45 K
26.4 M
14.49 M
Cash Per Share
0.05
0.26
0.71
0.12
0.06
3.57
0.2
N/A
0.2
0.04
Gross Profit
637.82 M
56.85 M
54.61 M
336.86 M
995.6 M
683 M
808.6 M
143.69 M
808.6 M
831.29 M
Day Typical Price
11.87
1.27
14.1
19.36
37.13
103.32
23.62
3.99
23.68
17.45
Accumulation Distribution
6032.31
3364.26
0.0176
0.0376
29523.77
37987.84
159.56
259.35
3.6
0.0215
Market Facilitation Index
0.0
0.0
0.25
0.74
0.0
0.0
0.0
N/A
0.0
0.38
Daily Balance Of Power
(0.28)
(0.42)
0.28
0.6622
(0.64)
(0.94)
1.238095
1.0
(0.60)
(0.42)
Period Momentum Indicator
(0.07)
(0.10)
0.07
0.49
(0.93)
(3.95)
0.26
0.02
(0.03)
(0.16)
Rate Of Daily Change
0.99
0.92
1.0
1.03
0.98
0.96
1.01
1.01
1.0
0.99
Day Median Price
11.85
1.29
14.08
19.32
37.21
103.89
23.61
3.99
23.67
17.51
Price Action Indicator
0.03
(0.12)
0.12
0.37
(0.70)
(3.69)
0.19
0.02
N/A
(0.25)
Coefficient Of Variation
(1,714)
1069.43
807.8
566.61
1074.25
272.36
2569.72
941.75
1944.76
671.22
Mean Deviation
1.41
5.69
1.27
1.05
0.869
1.09
0.6601
0.7608
0.5315
1.06
Jensen Alpha
(0.25)
0.6407
0.1534
0.1862
0.0484
0.4188
0.013
0.1135
7.0E-4
0.1747
Total Risk Alpha
(0.50)
(0.55)
(0.08)
0.0023
(0.1)
0.2746
(0.13)
(0.11)
(0.10)
(0.03)
Sortino Ratio
N/A
0.0746
0.0398
0.0676
(0.03)
0.3583
(0.09)
0.0205
(0.11)
0.0557
Downside Variance
N/A
53.12
2.63
1.74
1.18
1.15
1.19
2.27
0.7877
1.33
Standard Deviation
2.18
7.29
1.63
1.29
1.16
1.42
0.935
1.59
0.8196
1.35
Kurtosis
9.15
0.0301
0.3883
(0.76)
1.05
1.82
0.9595
21.63
4.25
0.1761
Potential Upside
3.25
14.94
2.88
2.21
2.08
2.63
1.41
1.4
1.13
2.56
Treynor Ratio
(0.15)
2.78
0.6322
0.9033
0.2522
0.7014
0.252
0.4502
0.1305
1.43
Maximum Drawdown
14.4
35.24
7.85
4.89
5.41
8.14
5.0
10.47
4.02
6.35
Variance
4.76
53.13
2.67
1.65
1.34
2.02
0.8742
2.52
0.6718
1.83
Market Risk Adjusted Performance
(0.14)
2.79
0.6422
0.9133
0.2622
0.7114
0.262
0.4602
0.1405
1.44
Risk Adjusted Performance
(0.04)
0.0804
0.1
0.139
0.0746
0.2853
0.0316
0.0864
0.04
0.1182
Skewness
(1.75)
0.119
0.2742
(0.14)
0.0684
0.7376
(0.43)
2.86
(0.70)
0.3214
Semi Deviation
N/A
6.64
1.32
1.08
0.9967
0.5082
0.9765
1.04
0.7928
0.9679
Information Ratio
(0.12)
0.0746
0.0395
0.0694
(0.03)
0.2704
(0.11)
0.0194
(0.12)
0.0474
Value At Risk
(2.58)
(11.18)
(2.31)
(1.97)
(1.75)
(1.56)
(1.83)
(1.40)
(0.86)
(2.04)
Expected Short fall
N/A
(6.37)
(1.39)
(1.11)
(0.98)
(1.32)
(0.66)
(1.03)
(0.61)
(1.28)
Downside Deviation
N/A
7.29
1.62
1.32
1.08
1.07
1.09
1.51
0.8875
1.15
Semi Variance
N/A
44.12
1.73
1.16
0.9933
0.2583
0.9536
1.09
0.6285
0.9368

Summit Midstream Competition Performance Charts

Five steps to successful analysis of Summit Midstream Competition

Summit Midstream's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Summit Midstream Partners in relation to its competition. Summit Midstream's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Summit Midstream in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Summit Midstream's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Summit Midstream Partners, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Summit Midstream position

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Other Consideration for investing in Summit Stock

If you are still planning to invest in Summit Midstream Partners check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Midstream's history and understand the potential risks before investing.
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