The stock of SemGroup Corp (NYSE:SEMG) is a huge mover today! The stock increased 5.30% or $1.78 during the last trading session, hitting $35.36. About 955,617 shares traded hands or 42.25% up from the average. SemGroup Corp (NYSE:SEMG) has risen 76.92% since February 26, 2016 and is uptrending. It has outperformed by 66.50% the S&P500.
The move comes after 5 months positive chart setup for the $1.87B company. It was reported on Oct, 1 by Barchart.com. We have $52.33 PT which if reached, will make NYSE:SEMG worth $897.60M more.
Analysts await SemGroup Corp (NYSE:SEMG) to report earnings on November, 3. They expect $0.04 EPS, down 63.64% or $0.07 from last year’s $0.11 per share. SEMG’s profit will be $2.12M for 221.00 P/E if the $0.04 EPS becomes a reality. After $0.18 actual EPS reported by SemGroup Corp for the previous quarter, Wall Street now forecasts -77.78% negative EPS growth.
SemGroup Corp (NYSE:SEMG) Ratings Coverage
Out of 8 analysts covering SemGroup (NYSE:SEMG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. SemGroup has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of SemGroup Corp (NYSE:SEMG) has “Outperform” rating given on Tuesday, May 10 by RBC Capital Markets. On Friday, April 8 the stock rating was maintained by Citigroup with “Neutral”. As per Thursday, August 25, the company rating was initiated by Goldman Sachs. The rating was initiated by Citigroup on Tuesday, December 15 with “Neutral”. The firm earned “Outperform” rating on Wednesday, November 11 by RBC Capital Markets. The stock of SemGroup Corp (NYSE:SEMG) earned “Outperform” rating by RBC Capital Markets on Monday, August 10. The stock of SemGroup Corp (NYSE:SEMG) has “Outperform” rating given on Thursday, September 10 by Raymond James. Wells Fargo initiated the shares of SEMG in a report on Monday, December 7 with “Outperform” rating. The firm earned “Overweight” rating on Wednesday, November 25 by Barclays Capital. The firm has “Buy” rating given on Tuesday, August 2 by UBS.
According to Zacks Investment Research, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment increased to 1.98 in 2016 Q2. Its up 1.03, from 0.95 in 2016Q1. The ratio is positive, as 15 funds sold all SemGroup Corp shares owned while 39 reduced positions. 39 funds bought stakes while 68 increased positions. They now own 53.63 million shares or 20.01% more from 44.69 million shares in 2016Q1.
Jacobs Levy Equity Inc holds 124,431 shares or 0.08% of its portfolio. Moreover, Voya Inv Mgmt Limited Liability Company has 0% invested in SemGroup Corp (NYSE:SEMG) for 20,271 shares. Legal And General Grp Inc Public Limited has 0% invested in the company for 10,175 shares. Jennison Associates Limited last reported 3.00 million shares in the company. Deutsche Bancorp Ag accumulated 0.01% or 525,768 shares. The New York-based Alliancebernstein Limited Partnership has invested 0% in SemGroup Corp (NYSE:SEMG). Geode Cap Mngmt Limited Liability last reported 0.01% of its portfolio in the stock. Burnham Asset Mgmt Corp Ny accumulated 0.2% or 22,113 shares. Cbre Clarion Secs Ltd Limited Liability Company accumulated 105,848 shares or 0.03% of the stock. Highland Mgmt Lp last reported 503,663 shares in the company. Wells Fargo & Mn holds 25,277 shares or 0% of its portfolio. Ubs Asset Management Americas holds 0% of its portfolio in SemGroup Corp (NYSE:SEMG) for 30,065 shares. American International Gp, a New York-based fund reported 25,507 shares. Millennium Mgmt Ltd Limited Liability Company last reported 1.90M shares in the company. Tfs Limited Liability Com last reported 0.34% of its portfolio in the stock.
More important recent SemGroup Corp (NYSE:SEMG) news were published by: Reuters.com which released: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” on September 29, 2016, also Newsok.com published article titled: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream”, Finance.Yahoo.com published: “SemGroup Corporation Announces Closing of Acquisition of Rose Rock Midstream, L.P.” on September 30, 2016. More interesting news about SemGroup Corp (NYSE:SEMG) was released by: Moodys.com and their article: “Moody’s downgrades SemGroup Corporation to B2 and Rose Rock Midstream, L.P. to B1” with publication date: March 08, 2016.
SEMG Company Profile
SemGroup Corporation, incorporated on September 19, 2005, is a well-known provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s divisions include Crude Transportation, Crude Facilities, Crude Supply and Logistics, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas. The Firm maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable clients to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico.
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