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Summit Midstream Partners (SMLP) Jumps: Stock Up 9.3%

Summit Midstream Partners, LP ( SMLP ) was a big mover last session, as its shares rose over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday's rally breaks the downtrend for the company since Sep 9, as the stock is now down roughly 35%.

Over the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.

Summit Midstream currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked oil and gas pipeline MLP is PBF Logistics LP ( PBFX ) with a Zacks Rank #1 (Strong Buy).

Is SMLP going up? Or down? Predict to see what others think: Up or Down

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PBF LOGISTICS (PBFX): Free Stock Analysis Report

SUMMIT MIDSTRM (SMLP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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