Price Action Alert: Will SemGroup Corp Go Down Anytime Soon?

Price Action Alert: Will SemGroup Corp Go Down Anytime Soon?

The stock of SemGroup Corp (NYSE:SEMG) is a huge mover today! About 1.04 million shares traded hands or 60.30% up from the average. SemGroup Corp (NYSE:SEMG) has risen 5.06% since April 27, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.
The move comes after 7 months positive chart setup for the $2.28 billion company. It was reported on Nov, 30 by Barchart.com. We have $38.16 PT which if reached, will make NYSE:SEMG worth $136.80M more.

Analysts await SemGroup Corp (NYSE:SEMG) to report earnings on February, 23. They expect $0.14 EPS, down 41.67% or $0.10 from last year’s $0.24 per share. SEMG’s profit will be $8.87M for 64.29 P/E if the $0.14 EPS becomes a reality. After $0.11 actual EPS reported by SemGroup Corp for the previous quarter, Wall Street now forecasts 27.27% 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 13 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Raymond James initiated the stock with “Outperform” rating in Thursday, September 10 report. The firm has “Outperform” rating given on Monday, December 7 by Wells Fargo. Goldman Sachs initiated SemGroup Corp (NYSE:SEMG) on Thursday, August 25 with “Buy” rating. The rating was initiated by Citigroup with “Neutral” on Tuesday, December 15. On Thursday, November 3 the stock rating was initiated by Citigroup with “Neutral”. On Friday, April 8 the stock rating was maintained by Citigroup with “Neutral”. As per Tuesday, May 10, the company rating was maintained by RBC Capital Markets. The company was initiated on Wednesday, November 25 by Barclays Capital. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. On Tuesday, August 2 the stock rating was maintained by UBS with “Buy”.

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 decreased to 1.75 in Q2 2016. Its down 0.23, from 1.98 in 2016Q1. The ratio is negative, 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.
Cornerstone Capital Mngmt Holding Ltd holds 41,696 shares or 0.01% of its portfolio. Jennison Assoc holds 3.00 million shares or 0.11% of its portfolio. Commonwealth Equity Svcs last reported 0% of its portfolio in the stock. Palestra Capital Mgmt Limited Liability Co, a New York-based fund reported 1.24M shares. Indexiq Limited Liability Corporation last reported 0% of its portfolio in the stock. Atlantic Trust Grp Inc Ltd, a Georgia-based fund reported 1.39 million shares. Spot Trading Llc holds 0.02% or 32,013 shares in its portfolio. Westwood has invested 0.01% of its portfolio in SemGroup Corp (NYSE:SEMG). Millennium Management Llc holds 0.14% of its portfolio in SemGroup Corp (NYSE:SEMG) for 1.90M shares. Cubist Systematic Strategies Llc has 0.02% invested in the company for 8,198 shares. Metropolitan Life Insur New York accumulated 82,053 shares or 0.02% of the stock. Signaturefd Limited Liability Corp holds 18,475 shares or 0.09% of its portfolio. Wellington Mgmt Grp Llp, a Massachusetts-based fund reported 490,305 shares. Tfs Capital Limited Liability Corp accumulated 57,084 shares or 0.34% of the stock. Dupont Mngmt Corp, a Delaware-based fund reported 15,807 shares.

More recent SemGroup Corp (NYSE:SEMG) news were published by: Nasdaq.com which released: “YieldBoost SemGroup Corp From 5% To 19.6% Using Options” on November 30, 2016. Also Newsok.com published the news titled: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream” on June 01, 2016. Reuters.com‘s news article titled: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” with publication date: September 29, 2016 was also an interesting one.

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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