Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,500.00 in Stock

by · The Cerbat Gem

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $38.50, for a total value of $38,500.00. Following the completion of the transaction, the chief executive officer now owns 275,170 shares of the company’s stock, valued at approximately $10,594,045. This represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $37.47, for a total value of $37,470.00.
  • On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total value of $38,040.00.
  • 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 transaction 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 stock was 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 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 stock was 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 shares were sold at an average price of $44.23, for a total value of $44,230.00.

Summit Midstream Stock Down 1.2 %

NYSE:SMC opened at $37.46 on Friday. The company has a market cap of $398.91 million, a price-to-earnings ratio of -2.92 and a beta of 2.28. Summit Midstream Corporation has a twelve month low of $31.81 and a twelve month high of $45.89. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $41.22 and a 200-day simple moving average of $37.91.

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

Institutional Trading of Summit Midstream

A number of large investors have recently modified their holdings of SMC. BNP Paribas Financial Markets bought a new stake in Summit Midstream during the 4th quarter valued at $57,000. Tower Research Capital LLC TRC raised its holdings in shares of Summit Midstream by 1,106.2% in 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Summit Midstream in the fourth quarter valued at about $159,000. Barclays PLC purchased a new stake in Summit Midstream in the third quarter worth about $194,000. Finally, EntryPoint Capital LLC purchased a new position in Summit Midstream during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

Summit Midstream Company Profile

(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.

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