Summit Midstream Corp
News Catalyst · detected 2026-06-01 13:36 · Energy · Oil & Gas Midstream
Risk : Reward
1 : 3.7
Likelihood
38%
Historical win rate of this setup typeRisk multiplier
1.00×
Normal sizingScore
80
Time to reward
1 week
Estimated holding period for reward realizationExpected R
+0.21R
From 21 closed setups · bucket: news:12Trade levels
Entry28.20
Stop26.75
Risk / share1.45
Target 1 (3R)32.55
Target 2 (5R)33.50
Target 3 (10R)33.50
Rationale
News id
13236
Category
BuybackAnnounced
Headline
Summit Midstream Corporation Announces Inaugural $35 Million Stock Repurchase Program
Published utc
2026-06-01T07:00:00
Risk multiplier
1
Stop template
PrevDayLow
Sector
Energy
Industry
Oil & Gas Midstream
Market cap
573.56M
Magnitude usd
35000000
Magnitude anchor
$35 Million
Magnitude percent of mcap
6.10
Magnitude bonus
10
Gann confluence
In zone
In zone
Current zone score 33 · reaction rate 96% · 820 clusters tracked · bars used 1256
| Date | Price | Score | Price levels | Time levels |
|---|---|---|---|---|
| 2022-11-07 | 28.95 | 3.48 | 17 | 4 |
| 2023-06-06 | 28.95 | 2.73 | 17 | 3 |
| 2024-06-05 | 28.95 | 2.78 | 17 | 4 |
| 2025-05-07 | 28.95 | 3.07 | 17 | 3 |
| 2025-06-24 | 28.95 | 3.41 | 17 | 3 |
| 2025-09-19 | 28.95 | 2.73 | 17 | 3 |
| 2025-11-06 | 28.95 | 3.29 | 17 | 3 |
| 2026-02-19 | 28.95 | 3.07 | 17 | 3 |
| 2026-03-18 | 28.95 | 2.95 | 17 | 3 |
| 2026-06-02 | 28.95 | 6.53 | 17 | 11 |