From Nasdaq: 2024-05-17 11:01:40

A substantial insider sell was reported on May 17 by Jerry L Peters, Director at Summit Midstream Partners (NYSE:SMLP), totaling 10,000 shares valued at $340,300. The company’s shares are trading at $33.72, down 0.0% on Friday morning. Summit Midstream operates in the energy industry with assets in key basins like Piceance.

Summit Midstream Partners showed a revenue growth rate of 5.66% as of March 31, 2024, outperforming the Energy sector average. However, the company’s gross margin is low at 30.13%, and its debt-to-equity ratio is high at 1.36. Valuation metrics suggest the company may be undervalued with a P/E ratio of 4.7 and a P/S ratio of 0.76.

Insiders like Jerry L Peters can provide insights into a company’s future stock performance. Peters’ recent sell does not necessarily indicate a negative outlook, but it’s essential information for investors. Understanding insider transactions, specifically the types of codes used in Form 4 filings, can offer valuable insights into a company’s stock activity.

Read more at Nasdaq: Insider Unloading: Jerry L Peters Sells $340K Worth Of Summit Midstream Partners Shares