Summit Midstream (NYSE:SMC – Get Free Report) posted its earnings results on Monday. The company reported ($2.19) EPS for the quarter, Zacks reports. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%.
Summit Midstream Stock Performance
SMC opened at $38.59 on Tuesday. The firm has a market capitalization of $410.90 million, a PE ratio of -3.01 and a beta of 2.28. Summit Midstream has a one year low of $31.81 and a one year high of $45.89. The business’s 50-day moving average price is $41.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33.
Insider Activity at Summit Midstream
In related news, CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.09, for a total value of $37,090.00. Following the transaction, the chief executive officer now owns 270,006 shares in the company, valued at $10,014,522.54. The trade was a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 33,000 shares of company stock worth $1,320,280 in the last quarter. Company insiders own 5.30% of the company’s stock.
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.
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