Markets

Were Analysts Bearish Summit Midstream Partners LP (NYSE:SMLP) This Week?

Were Analysts Bearish Summit Midstream Partners LP (NYSE:SMLP) This Week?

It has underperformed by 16.06% the S&P500.

Suffolk Capital Management Llc decreased Callidus Software Inc (CALD) stake by 19.56% reported in 2017Q2 SEC filing.

In other news, major shareholder Arclight Capital Partners, Llc sold 749,999 shares of the firm's stock in a transaction on Wednesday, November 2nd. The Suffolk Capital Management Llc holds 63,852 shares with $1.55 million value, down from 79,375 last quarter. Expedia Inc Del now has $18.34 billion valuation. It closed at $27.75 lastly. It has outperformed by 4.96% the S&P500.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $0.03 earnings per share, down 81.25% or $0.13 from last year's $0.16 per share. MMP's profit will be $244.06 million for 15.44 P/E if the $1.07 EPS becomes a reality. After $1.22 actual earnings per share reported by Summit Midstream Partners LP for the previous quarter, Wall Street now forecasts -97.54% negative EPS growth.

Magellan Midstream Partners L.P. had a net margin of 34.50% and a return on equity of 40.99%. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Therefore 94% are positive. The firm has "Buy" rating given on Tuesday, October 13 by Ladenburg Thalmann. Morgan Stanley maintained the shares of EQM in report on Friday, July 14 with "Overweight" rating. Deutsche Bank maintained the stock with "Buy" rating in Thursday, August 4 report.

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Center Coast Capital Advisors LP reduced its position in Dominion Midstream Partners, LP (NYSE:DM) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Mitsubishi UFJ initiated Antero Midstream Partners LP (NYSE:AM) on Monday, May 29 with "Buy" rating. RBC Capital Markets maintained the stock with "Buy" rating in Monday, June 5 report. The rating was maintained by Stifel Nicolaus with "Hold" on Thursday, September 28. The company was maintained on Thursday, August 24 by Stifel Nicolaus. With short interest at 1,426,876 and short average daily volume at 262,719, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.02% on October 31. The insider May Douglas J sold 8,000 shares worth $600,000.

Investors sentiment increased to 1.44 in 2017 Q2. Its down 0.05, from 1.34 in 2017Q1. BidaskClub downgraded shares of Magellan Midstream Partners L.P. from a "sell" rating to a "strong sell" rating in a research note on Thursday, August 17th. 15 funds opened positions while 51 raised stakes. The firm owned 2,163,683 shares of the pipeline company's stock after purchasing an additional 135,497 shares during the quarter. This is an increase from Dominion Midstream Partners, 's previous quarterly dividend of $0.29. Barclays Pcl holds 0% or 18,939 shares in its portfolio.

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. Cetera Advisor Ntwk Lc has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Stifel Financial Corporation has 0% invested in Summit Midstream Partners LP (NYSE:SMLP) for 22,140 shares. Fulton Bancorporation Na holds 7,265 shares. Goodwin Daniel L has 0.16% invested in Summit Midstream Partners LP (NYSE:SMLP). Advisory Services Network Limited Co holds 8,239 shares. 131.72 million shares or 0.48% less from 132.35 million shares in 2017Q1 were reported. Montag A And Assocs owns 4,000 shares for 0.03% of their portfolio. Bank & Trust Of Mellon Corp has invested 0% in Qualys Inc (NASDAQ:QLYS). Sei Invests Communications holds 0.03% or 117,198 shares in its portfolio. Therefore 60% are positive. Callidus Software had 25 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Friday, August 7. The company was downgraded on Monday, August 17 by Robert W. Baird. On Wednesday, October 26 the stock rating was initiated by Mizuho with "Buy". Federated Investors Inc acquired 13,211 shares as Expedia Inc Del (EXPE)'s stock rose 18.57%. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, June 20. Howard Weil downgraded it to "Sector Perform" rating and $84 target in Tuesday, December 15 report. The firm has "Outperform" rating by Robert W. Baird given on Friday, August 12. The rating was maintained by Argus Research on Monday, March 21 with "Buy". It also upped General Electric Co (NYSE:GE) stake by 32,903 shares and now owns 59,286 shares. Class C was raised too.

Investors sentiment decreased to 1.1 in Q2 2017. Its up 0.07, from 0.83 in 2017Q1. It improved, as 9 investors sold CALD shares while 52 reduced holdings. 37 funds opened positions while 134 raised stakes. Fort Washington Investment Advisors Inc. Benjamin F Edwards invested in 0% or 64 shares. Robert W. Baird maintained the shares of SMLP in report on Friday, November 3 with "Buy" rating. Highstreet Asset Mgmt Inc owns 96 shares for 0% of their portfolio. Ameriprise accumulated 461,036 shares or 0.01% of the stock. First National holds 0.03% or 6,882 shares in its portfolio. Twin Focus Prns Limited Com, Massachusetts-based fund reported 20,000 shares. Moreover, Solutions Ltd Liability Corp has 0% invested in Callidus Software Inc. 12,000 CDW Corp (NASDAQ:CDW) shares with value of $735,960 were sold by LEAHY CHRISTINE A. Schwab Charles Inv Mgmt stated it has 129,512 shares or 0% of all its holdings. Neuberger Berman Grp Inc Ltd Co invested in 3.30 million shares.

Since May 24, 2017, it had 0 buys, and 1 sale for $600,000 activity. (NASDAQ:CALD) on Tuesday, May 30.