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 Summit Midstream stock in a transaction on Monday, March 24th. The shares were sold at an average price of $36.32, for a total transaction of $36,320.00. Following the completion of the sale, the chief executive officer now directly owns 270,170 shares of the company's stock, valued at approximately $9,812,574.40. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was sold at an average price of $34.67, for a total transaction of $34,670.00.
• On Wednesday, March 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.33, for a total value of $35,330.00.
• On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 shares were sold at an average price of $38.50, for a total value 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 stock was sold at an average price of $39.23, for a total transaction of $39,230.00.
• On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total value of $40,550.00.

Summit Midstream Stock Performance

Summit Midstream stock traded down $1.20 during mid-day trading on Friday, reaching $34.25. 61,617 shares of the company's stock were exchanged, compared to its average volume of 76,895. The firm has a market capitalization of $638.50 million, a PE ratio of -2.67 and a beta of 2.28. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The business's fifty day simple moving average is $40.86 and its 200 day simple moving average is $37.84. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89.

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Summit Midstream (NYSE:SMC - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported ($2.40) earnings per share 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) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtus Fund Advisers LLC purchased a new position in Summit Midstream in the third quarter valued at approximately $3,794,000. Jane Street Group LLC purchased a new position in shares of Summit Midstream during the 3rd quarter valued at $227,000. Barclays PLC purchased a new position in shares of Summit Midstream during the 3rd quarter valued at $194,000. Geode Capital Management LLC bought a new position in shares of Summit Midstream during the 3rd quarter worth $3,313,000. Finally, SG Americas Securities LLC purchased a new stake in Summit Midstream in the 4th quarter worth about $159,000. 42.97% of the stock is owned by institutional investors.

About Summit Midstream

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.