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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $42.78, for a total value of $42,780.00. Following the sale, the chief executive officer now owns 257,326 shares in the company, valued at approximately $11,008,406.28. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total transaction of $42,670.00.
• On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00.
• On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.49, for a total value of $41,490.00.
• On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.88, for a total value of $40,880.00.
• On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.80, for a total value of $40,800.00.
• On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total transaction of $42,860.00.
• On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.06, for a total transaction of $42,060.00.
• On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total transaction of $40,110.00.
• On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total value of $37,980.00.
• On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total value of $37,630.00.

Summit Midstream Stock Down 2.5 %

SMC stock traded down $1.10 during trading hours on Friday, hitting $42.69. The company’s stock had a trading volume of 66,413 shares, compared to its average volume of 78,181. The stock has a market cap of $454.56 million, a P/E ratio of -3.33 and a beta of 2.37. The stock has a 50 day moving average of $38.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. Summit Midstream Corporation has a 12 month low of $15.76 and a 12 month high of $43.99.

Summit Midstream (NYSE:SMC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($15.28) earnings per share for the quarter. The company had revenue of $102.42 million during the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%.

Hedge Funds Weigh In On Summit Midstream

Institutional investors have recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in Summit Midstream in the 4th quarter valued at approximately $363,000. Empowered Funds LLC bought a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $2,132,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Summit Midstream in the fourth quarter worth $3,061,000. SG Americas Securities LLC bought a new position in Summit Midstream during the fourth quarter worth $159,000. Finally, Barclays PLC acquired a new position in Summit Midstream during the 3rd quarter valued at $194,000. Institutional investors own 42.97% of the company’s stock.

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.