Get in on Summit Midstream Corp’s (SMC) buy-in window today!

With 0.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 67010.0 shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $37.82 whereas the lowest price it dropped to was $37.02. The 52-week range on SMC shows that it touched its highest point at $40.75 and its lowest point at $15.56 during that stretch. It currently has a 1-year price target of $22.00. SMC paid its most recent dividend on 1580947200, while the ex-dividend date for that was 1580947200. Beta for the stock currently stands at 2.40.

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 down-trending over the past week, with a drop of -0.61%, but this was down by -0.69% over a month. Three-month performance surged to 6.80% while six-month performance rose 9.73%. The stock gained 116.43% in the past year, while it has lost -0.61% so far this year.

Float and Shares Shorts:

At present, 10.65 million SMC shares are outstanding with a float of 9.34 million shares on hand for trading. On 2024-10-31, short shares totaled 0.14 million, which was 133.00001 higher than short shares on 1727654400. In addition to Mr. J. Heath Deneke as the firm’s President, CEO & Chairman, Mr. William J. Mault serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.36560002 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 $102415000.0 and operating income of $13737000.0. The EBITDA in the recently reported quarter was $19313000.0 and diluted EPS was -$19.25.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.7 being high and $1.7 being low. For SMC, this leads to a yearly average estimate of $1.7.