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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $39.23, for a total value of $39,230.00. Following the completion of the sale, the chief executive officer now directly owns 236,326 shares in the company, valued at approximately $9,271,068.98. This represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.52, for a total value of $38,520.00.
• 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 value 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 value 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 shares were 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 shares were 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.
• On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total value 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 value 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 value of $43,800.00.

Summit Midstream Stock Down 2.2 %

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

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

Institutional Trading of Summit Midstream

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Summit Midstream during the 4th quarter worth about $57,000. Tower Research Capital LLC TRC grew its holdings in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after acquiring an additional 2,854 shares during the period. SG Americas Securities LLC acquired a new stake in Summit Midstream during the 4th quarter worth about $159,000. Barclays PLC acquired a new stake in Summit Midstream during the 3rd quarter worth about $194,000. Finally, EntryPoint Capital LLC acquired a new stake in Summit Midstream during the 4th quarter worth 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.