Today, the The Reporting Person is EVP, General Counsel, Chie of Summit Midstream (NYSE: SMLP), Brock Degeyter, sold shares of SMLP for $50.52K.
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Based on Summit Midstream’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $128 million and GAAP net loss of $51.11 million. In comparison, last year the company earned revenue of $102 million and had a net profit of $8.81 million. Currently, Summit Midstream has an average volume of 467.6K.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SMLP with a $20 price target. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.50, reflecting a -13.3% downside.
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Summit Midstream Partners LP is a limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America.
