D
Sell
11/21/2024Downgrade
Summit Midstream Corporation (SMC) was downgraded to D- from C- on 11/21/2024 due to a significant decline in the valuation index, efficiency index and solvency index. Net income declined 730.77% from -$23.78M to -$197.54M, the quick ratio declined from 1.27 to 0.34, and debt to equity increased from 1.29 to 1.76.
C
Hold
8/15/2024Downgrade
Summit Midstream Corporation (SMC) was downgraded to C- from C on 8/15/2024 due to a significant decline in the growth index, solvency index and valuation index. Operating cash flow declined 128.99% from $43.62M to -$12.64M, earnings per share declined from $11.47 to -$2.91, and EBIT declined 51.61% from $21.03M to $10.18M.
