With 0.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 44390.0 shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $37.27 whereas the lowest price it dropped to was $35.6. The 52-week range on SMC shows that it touched its highest point at $40.75 and its lowest point at $13.00 during that stretch. It currently has a 1-year price target of $22.00. Beta for the stock currently stands at 2.38.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMC was up-trending over the past week, with a rise of 3.82%, but this was up by 0.50% over a month. Three-month performance surged to 0.03% while six-month performance rose 84.82%. The stock gained 164.04% in the past year, while it has gained 100.50% so far this year.
Float and Shares Shorts:
At present, 10.38 million SMC shares are outstanding with a float of 9.69 million shares on hand for trading. On 2024-08-30, short shares totaled 56047.0, which was 53.0 higher than short shares on 1721001600. In addition to Mr. J. Heath Deneke as the firm’s President, CEO & Chairman of Summit Midstream GP, LLC, Mr. William J. Mault serves as its Executive VP & CFO of Summit Midstream GP, LLC.
Institutional Ownership:
Through their ownership of 0.33714 of SMC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SMC reported revenue of $118871000.0 and operating income of $21025000.0. The EBITDA in the recently reported quarter was $49114000.0 and diluted EPS was $11.47.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
