J Heath Deneke Sells 1,000 Shares of Summit Midstream Corporation (NYSE:SMC) Stock

Summit Midstream Corporation (NYSE:SMC - Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $35.33, for a total transaction of $35,330.00. Following the transaction, the chief executive officer now directly owns 268,170 shares of the company's stock, valued at approximately $9,474,446.10. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, March 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.67, for a total transaction of $34,670.00.
• On Monday, March 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.32, for a total value of $36,320.00.
• On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.30, for a total value of $36,300.00.
• On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.68, for a total value of $37,680.00.
• On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.50, for a total transaction of $38,500.00.
• 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 Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total transaction of $38,520.00.
• 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.

Summit Midstream Price Performance

Shares of NYSE SMC traded down $1.20 during trading hours on Friday, reaching $34.25. 61,617 shares of the stock traded hands, compared to its average volume of 76,895. The company's 50-day simple moving average is $40.86 and its two-hundred day simple moving average is $37.84. The company has a market capitalization of $638.50 million, a P/E ratio of -2.67 and a beta of 2.28. Summit Midstream Corporation has a 52-week low of $31.81 and a 52-week high of $45.89. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

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Summit Midstream (NYSE:SMC - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported ($2.40) EPS for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. During the same quarter in the previous year, the company earned ($2.12) EPS.

Institutional Trading of Summit Midstream

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

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.