Summit Midstream Corporation (NYSE:SMC) CEO Sells $42,860.00 in Stock

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $42.86, for a total transaction of $42,860.00. Following the transaction, the chief executive officer now owns 266,326 shares in the company, valued at $11,414,732.36. This represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total value 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 value of $40,110.00.
• On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.98, for a total transaction of $37,980.00.
• On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total transaction of $37,630.00.
• On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.60, for a total transaction of $37,600.00.
• On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.50, for a total transaction of $37,500.00.
• On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.81, for a total value of $37,810.00.
• On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.49, for a total value of $37,490.00.
• On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.

Summit Midstream Trading Up 0.7 %

NYSE SMC opened at $40.99 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day moving average of $37.69. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $43.99. The stock has a market cap of $436.54 million, a price-to-earnings ratio of -3.20 and a beta of 2.37.

Summit Midstream (NYSE:SMC) last announced its earnings results on Tuesday, November 12th. The company reported ($15.28) 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 $102.42 million during the quarter.

Hedge Funds Weigh In On Summit Midstream

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Summit Midstream in the fourth quarter worth $159,000. Barclays PLC bought a new stake in shares of Summit Midstream during the 3rd quarter worth $194,000. Jane Street Group LLC bought a new position in Summit Midstream during the third quarter valued at about $227,000. Valeo Financial Advisors LLC purchased a new stake in Summit Midstream during the third quarter worth about $529,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in Summit Midstream in the third quarter worth about $1,311,000. 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.