Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,520.00 in Stock

Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $38.52, for a total transaction of $38,520.00. Following the completion of the transaction, the chief executive officer now owns 235,326 shares in the company, valued at approximately $9,064,757.52. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

J Heath Deneke also recently made the following trade(s):

• On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total transaction of $37,470.00.
• On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00.
• On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $39.23, for a total value of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total value of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.50, for a total value of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total value of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total transaction of $41,960.00.
• On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.63, for a total transaction of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.23, for a total transaction of $44,230.00.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total value of $44,980.00.

Summit Midstream Price Performance

Shares of Summit Midstream stock traded up $0.68 on Friday, reaching $37.50. 64,524 shares of the stock were exchanged, compared to its average volume of 72,919. The firm's 50 day moving average is $41.19 and its 200-day moving average is $37.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89. The firm has a market cap of $399.28 million, a PE ratio of -2.93 and a beta of 2.28.

Remove Ads

Summit Midstream (NYSE:SMC - Get Free Report) last released its earnings results on Monday, March 10th. The company reported ($2.19) earnings per share (EPS) for the quarter. The business had revenue of $107.02 million during the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Hedge Funds Weigh In On Summit Midstream

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Summit Midstream during the fourth quarter worth $57,000. Tower Research Capital LLC TRC grew its position in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company's stock worth $118,000 after acquiring an additional 2,854 shares during the last quarter. SG Americas Securities LLC bought a new stake in Summit Midstream during the 4th quarter worth $159,000. Barclays PLC acquired a new position in Summit Midstream in the 3rd quarter worth about $194,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Summit Midstream during the fourth quarter valued at about $207,000. Institutional investors own 42.97% of the company's stock.

Summit Midstream Company Profile

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.