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 Summit Midstream stock in a transaction on 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 approximately $11,414,732.36. This trade represents a 0.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

Summit Midstream Price Performance

Summit Midstream stock opened at $39.75 on Tuesday. 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 stock has a market cap of $423.34 million, a price-to-earnings ratio of -3.10 and a beta of 2.37. Summit Midstream Corporation has a 1-year low of $15.56 and a 1-year high of $43.99. The stock has a 50-day moving average price of $37.52.

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

Institutional Trading of Summit Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of Summit Midstream in the third quarter worth about $194,000. Fractal Investments LLC purchased a new stake in Summit Midstream in the 3rd quarter valued at about $1,576,000. Virtus Fund Advisers LLC bought a new position in Summit Midstream in the 3rd quarter worth about $3,794,000. Jane Street Group LLC purchased a new position in shares of Summit Midstream during the third quarter worth approximately $227,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $529,000. 42.97% of the stock is currently owned by institutional investors.

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.