Major Move Is Coming For SemGroup Corp After Bearish Options Activity

 Major Move Is Coming For SemGroup Corp After Bearish Options Activity

In today’s session SemGroup Corp (SEMG) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SEMG decrease. With 500 contracts traded and 204 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SEMG161118P00030000 closed last at: $1.3 or 3.7% down. About 85,804 shares traded hands. SemGroup Corp (NYSE:SEMG) has risen 69.31% since March 10, 2016 and is uptrending. It has outperformed by 61.79% the S&P500.

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 $2.75 million for 206.19 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 has “Outperform” rating given by RBC Capital Markets on Monday, August 10. The company was initiated on Thursday, September 10 by Raymond James. The stock of SemGroup Corp (NYSE:SEMG) earned “Outperform” rating by Wells Fargo on Monday, December 7. RBC Capital Markets maintained SemGroup Corp (NYSE:SEMG) rating on Tuesday, May 10. RBC Capital Markets has “Outperform” rating and $39 price target. The firm has “Buy” rating by Goldman Sachs given on Thursday, August 25. The rating was maintained by Citigroup with “Neutral” on Friday, April 8. The stock of SemGroup Corp (NYSE:SEMG) has “Overweight” rating given on Wednesday, November 25 by Barclays Capital. UBS maintained it with “Buy” rating and $39 target price in Tuesday, August 2 report. The firm has “Buy” rating by Suntrust Robinson given on Wednesday, June 15. On Wednesday, November 11 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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 Q2 2016. Its up 1.03, from 0.95 in 2016Q1. The ratio increased, 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.
Highland Cap L P has invested 0.68% of its portfolio in SemGroup Corp (NYSE:SEMG). Prudential accumulated 0% or 87,833 shares. Pnc Fincl Grp Inc Inc last reported 0% of its portfolio in the stock. Barclays Public Limited Liability owns 3,499 shares or 0% of their US portfolio. Wells Fargo & Mn has invested 0% of its portfolio in SemGroup Corp (NYSE:SEMG). Commonwealth Of Pennsylvania School Empls Retrmt owns 529,453 shares or 0.32% of their US portfolio. Ubs Asset Management Americas Inc has 30,065 shares for 0% of their US portfolio. Capital Fund Management reported 39,822 shares or 0.01% of all its holdings. Vanguard Group Inc Inc, a Pennsylvania-based fund reported 3.87M shares. Miller Howard Invs Ny holds 0.01% or 12,161 shares in its portfolio. Tower Rech Lc (Trc) owns 2,119 shares or 0.01% of their US portfolio. Cornerstone Cap Mgmt Limited last reported 41,696 shares in the company. Keybank Natl Association Oh holds 7,300 shares or 0% of its portfolio. Citadel Advisors Limited Liability Company owns 134,174 shares or 0% of their US portfolio. Van Eck Assoc last reported 232 shares in the company.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The company has a market cap of $2.27 billion.

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.

More recent SemGroup Corp (NYSE:SEMG) news were published by: Newsok.com which released: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream” on June 01, 2016. Also Reuters.com published the news titled: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” on September 29, 2016. Moodys.com‘s news article titled: “Moody’s downgrades SemGroup Corporation to B2 and Rose Rock Midstream, L.P. to B1” with publication date: March 08, 2016 was also an interesting one.

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