On February 4, 2025, J Deneke, Chairman, President, and Chief Executive Officer of Summit Midstream Partners, LLC, sold 3,000 shares of Summit Midstream Corp (SMC, Financial). Following this transaction, the insider now owns 258,326 shares of the company. The details of this transaction can be found in the SEC Filing.
Summit Midstream Corp is a growth-oriented independent energy infrastructure company focused on developing, owning, and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily in North America.
Over the past year, J Deneke has sold a total of 53,000 shares and has not purchased any shares. The insider transaction history for Summit Midstream Corp indicates that there have been 0 insider buys and 24 insider sells over the same period.
As of the date of the recent transaction, shares of Summit Midstream Corp were trading at $41.62 each, giving the stock a market cap of $454.803 million. The stock's GF Value is estimated at $16.30, resulting in a price-to-GF-Value ratio of 2.55, indicating that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on the following three factors:
- Historical multiples (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.
