Summit Midstream Partners, Lp (SMLP) Files Form 4 Insider Selling : Brad N Graves Sells 3,100 Shares

Summit Midstream Partners, Lp (SMLP): Brad N Graves , officer of Summit Midstream Partners, Lp sold 3,100 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $23.00 per share for a total value of $71,300.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Brad N Graves (officer ) sold 800 shares at $23.00 per share price.On Apr 27, 2016, Brock M Degeyter (officer ) sold 6,250 shares at $20.06 per share price.Also, On Jul 30, 2015, Steven J Newby (director officer ) sold 1,553 shares at $30.00 per share price.On Jun 30, 2015, Rene L Casadaban (officer ) sold 3,878 shares at $34.72 per share price.

Summit Midstream Partners LP: On Friday, May 20, 2016 heightened volatility was witnessed in Summit Midstream Partners LP which led to swings in the share price. The shares opened for trading at $22.47 and hit $23.03 on the upside , eventually ending the session at $22.5, with a gain of 0.67% or 0.15 points. The heightened volatility saw the trading volume jump to 1,37,477 shares. The 52-week high of the share price is $35.2 and the company has a market cap of $1,498 M . The 52-week low of the share price is at $11.0602.

Summit Midstream Partners LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.Summit Midstream Partners LP is Initiated by Credit Suisse to Neutral. The Rating was issued on May 24, 2016.Summit Midstream Partners LP is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 23 from a previous price target of $20 .The Rating was issued on May 9, 2016.Summit Midstream Partners LP is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 11, 2016.Summit Midstream Partners LP is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 10, 2016.Summit Midstream Partners LP is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 14 from a previous price target of $21 . The Rating was issued on Feb 29, 2016.

Summit Midstream Partners LP is a limited partnership focused on developing owning and operating midstream energy infrastructure assets. The Company’s assets are located in the producing areas of unconventional resource basins primarily shale formations in North America. It provides natural gas gathering treating and processing services pursuant to long-term and natural gas gathering and processing agreements with its customers and counterparties. The Company conducts its operations in the midstream sector through four segments: the Marcellus Shale which is served by Mountaineer Midstream; the Williston Basin which is served by Bison Midstream; the Barnett Shale which is served by DFW Midstream and the Piceance Basin which is served by Grand River. It operates in four unconventional resource basins: the Appalachian Basin; the Williston Basin; the Fort Worth Basin and the Piceance Basin.

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