On December 5, 2024, J Deneke, Chairman, President, and Chief Executive Officer of Summit Midstream Partners, LLC, sold 2,000 shares of Summit Midstream Corp (SMC, Financial). Following this transaction, the insider now owns 274,006 shares of the company. The details of this transaction can be found in the SEC Filing.
Summit Midstream Corp is a company engaged in the development, ownership, and operation of midstream energy infrastructure assets. The company provides natural gas, crude oil, and produced water gathering, processing, and transportation services.
The insider transaction history for Summit Midstream Corp indicates that there have been no insider buys over the past year, while there have been 10 insider sells during the same period. Over the past year, J Deneke has sold a total of 14,000 shares and has not purchased any shares.
On the day of the recent sale, shares of Summit Midstream Corp were trading at $37.6 each, giving the stock a market cap of $402.627 million. The stock's GF Value is estimated at $16.93, resulting in a price-to-GF-Value ratio of 2.22. This suggests that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using the following factors:
- Historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
