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Alberto Abaterusso
Alberto Abaterusso
Articles (2277) 

2 Underperforming Holdings to Ease Up On

Wall Street analysts anticipate disappointing performances

June 23, 2020 | About:

Shareholders of Camber Energy Inc (CEI) and Summit Midstream Partners LP (NYSE:SMLP) have seen their holdings underperform the S&P 500 index over the past one-year, three-year and five-year periods.

Furthermore, these two stocks have negative recommendation ratings on Wall Street, which means that their share prices are predicted to go on performing poorly in the months to come. Thus, investors may want to consider easing up on their holdings.

Camber Energy Inc

Shares of the Houston, Texas-based oil and gas operator have fallen 99.3% in the past year, 100% in the past three years and 100% in the past five years through June 22. The stock has underperformed the S&P 500 by 105%, 128% and 148.4%, respectively.

Camber Energy Inc does not pay dividends.

Shares traded at a price of $1.44 per unit at close on June 22 for a market capitalization of $14.89 million and a 52-week range of $0.50 to $487.50.

The 14-day relative strength index of 48 suggests that the stock is still far from oversold levels.

Wall Street sell-side analysts recommended to sell this stock.

Summit Midstream Partners LP

Shares of the Houston, Texas-based oil and gas midstream operator fell by 83.3% over the past year, 94.6% over the past three years and 96.6% over the past five years through June 22. The stock has underperformed the S&P 500 by 89%, 122.5% and 145%, respectively.

In order to strengthen the company’s financial position, Summit Midstream Partners LP’s management board decided last May 3 to stop paying dividends to the shareholders.

The stock price was trading at $1.17 per share at close on June 22 for a market capitalization of $110.63 million and a 52-week range of $0.50 to $9.71.

The 14-day relative strength index of 45 indicates that the stock has not reached oversold levels yet.

Wall Street sell-side analysts recommended an overweight rating for this stock.

Disclosure: I have no positions in any securities mentioned in this article.

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About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about gold, silver and precious metals mining industries. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master's Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

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