Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,520.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $38.52, for a total transaction of $38,520.00. Following the sale, the chief executive officer now owns 235,326 shares in the company, valued at approximately $9,064,757.52. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were 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 transaction of $44,280.00.
• On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total transaction 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 transaction of $42,630.00.
• On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.23, for a total transaction 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.
• On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00.
• On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total transaction of $43,800.00.

Summit Midstream Trading Down 2.2 %

Summit Midstream stock opened at $36.81 on Friday. Summit Midstream Corporation has a 12-month low of $31.81 and a 12-month high of $45.89. The firm has a market capitalization of $391.99 million, a PE ratio of -2.87 and a beta of 2.28. The stock’s 50-day moving average price is $41.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20.

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

Institutional Investors Weigh In On Summit Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of SMC. BNP Paribas Financial Markets acquired a new stake in shares of Summit Midstream during the fourth quarter valued at about $57,000. Tower Research Capital LLC TRC increased its position in shares of Summit Midstream by 1,106.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after acquiring an additional 2,854 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Summit Midstream during the fourth quarter valued at about $159,000. Barclays PLC acquired a new stake in shares of Summit Midstream during the third quarter valued at about $194,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Summit Midstream during the fourth quarter valued at about $207,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

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.