Summit Midstream (NYSE:SMC - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($2.40) EPS for the quarter, RTT News reports. 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 prior year, the company posted ($2.12) earnings per share.
Summit Midstream Stock Down 1.3 %
Summit Midstream stock traded down $0.47 during trading hours on Tuesday, reaching $35.73. The stock had a trading volume of 25,061 shares, compared to its average volume of 75,750. The company has a market cap of $666.19 million, a price-to-earnings ratio of -2.79 and a beta of 2.28. The business's 50 day moving average price is $41.15 and its 200-day moving average price is $37.91. Summit Midstream has a 52 week low of $31.81 and a 52 week high of $45.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.
Insider Activity
In related news, CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $36.52, for a total transaction of $36,520.00. Following the completion of the sale, the chief executive officer now owns 258,006 shares of the company's stock, valued at $9,422,379.12. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 34,052 shares of company stock worth $1,374,686. Corporate insiders own 5.30% of the company's stock.
About Summit Midstream
(
Get Free Report)
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.
See Also
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