Summit Financial Statements From 2010 to 2024
Summit Midstream financial statements provide useful quarterly and yearly information to potential Summit Midstream Partners investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Summit Midstream financial statements helps investors assess Summit Midstream's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Summit Midstream's valuation are summarized below:Summit Midstream Partners does not presently have any fundamental trend indicators for analysis.
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.
Check Summit Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers, such as , as well as many indicators such as . Summit financial statements analysis is a perfect complement when working with Summit Midstream Valuation or Volatility modules.
Summit |
Summit Midstream Partners Company Return On Equity Analysis
Summit Midstream's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Summit Midstream Return On Equity | 0.12 |
Most of Summit Midstream's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Summit Midstream Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Summit Midstream Partners has a Return On Equity of 0.1173. This is 105.92% lower than that of the Oil, Gas & Consumable Fuels sector and 96.41% lower than that of the Energy industry. The return on equity for all United States stocks is 137.84% lower than that of the firm.
Summit Midstream Partners Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Summit Midstream's current stock value. Our valuation model uses many indicators to compare Summit Midstream value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Summit Midstream competition to find correlations between indicators driving Summit Midstream's intrinsic value. More Info.Summit Midstream Partners is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.18 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Summit Midstream Partners is roughly 5.43 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Summit Midstream by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Summit Midstream Financial Statements
Summit Midstream shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Summit Midstream investors may analyze each financial statement separately, they are all interrelated. The changes in Summit Midstream's assets and liabilities, for example, are also reflected in the revenues and expenses on on Summit Midstream's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company was founded in 2009 and is headquartered in Houston, Texas. Summit Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 209 people.
Pair Trading with Summit Midstream
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Summit Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Summit Midstream will appreciate offsetting losses from the drop in the long position's value.Moving against Summit Stock
| 0.73 | ESALF | Eisai | PairCorr |
| 0.69 | MZDAF | Mazda Motor | PairCorr |
| 0.68 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.66 | OPHLF | Ono Pharmaceutical Upward Rally | PairCorr |
| 0.62 | ARE | Alexandria Real Estate | PairCorr |
The ability to find closely correlated positions to Summit Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Midstream Partners to buy it.
The correlation of Summit Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Summit Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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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