Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,040.00 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 that occurred on Wednesday, March 12th. The shares were sold at an average price of $38.04, for a total value of $38,040.00. Following the completion of the sale, the chief executive officer now owns 233,326 shares of the company's stock, valued at $8,875,721.04. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $37,470.00.
• 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 value 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 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 transaction of $40,550.00.
• On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00.
• On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 value 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 value of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total value of $44,230.00.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Trading Down 3.1 %

Shares of Summit Midstream stock traded down $1.20 on Tuesday, reaching $37.51. The company had a trading volume of 81,246 shares, compared to its average volume of 73,216. The firm's 50 day moving average price is $41.21 and its two-hundred day moving average price 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 52-week low of $31.81 and a 52-week high of $45.89. The firm has a market cap of $399.42 million, a PE ratio of -2.93 and a beta of 2.28.

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

Hedge Funds Weigh In On Summit Midstream

Several hedge funds have recently bought and sold shares of SMC. Virtus Fund Advisers LLC purchased a new stake in Summit Midstream during the third quarter worth about $3,794,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Summit Midstream in the fourth quarter valued at approximately $3,829,000. Geode Capital Management LLC acquired a new stake in Summit Midstream during the 3rd quarter worth approximately $3,313,000. Graham Capital Wealth Management LLC acquired a new stake in Summit Midstream during the 4th quarter worth approximately $3,061,000. Finally, Bridgeway Capital Management LLC purchased a new position in Summit Midstream in the 4th quarter valued at approximately $2,321,000. Institutional investors and hedge funds 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.