Notable Price Action: A Reversal for SemGroup Corp Is Not Near. The Stock Rises Again

Notable Price Action: A Reversal for SemGroup Corp Is Not Near. The Stock Rises Again

The stock of SemGroup Corp (NYSE:SEMG) is a huge mover today! About 187,933 shares traded hands. SemGroup Corp (NYSE:SEMG) has risen 48.18% since April 5, 2016 and is uptrending. It has outperformed by 46.23% the S&P500.
The move comes after 7 months positive chart setup for the $2.31B company. It was reported on Nov, 8 by Barchart.com. We have $55.19 PT which if reached, will make NYSE:SEMG worth $1.57B more.

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. RBC Capital Markets maintained SemGroup Corp (NYSE:SEMG) on Tuesday, May 10 with “Outperform” rating. Barclays Capital initiated SemGroup Corp (NYSE:SEMG) on Wednesday, November 25 with “Overweight” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, November 11. The firm has “Buy” rating given on Wednesday, June 15 by Suntrust Robinson. As per Friday, April 8, the company rating was maintained by Citigroup. Citigroup initiated SemGroup Corp (NYSE:SEMG) on Thursday, November 3 with “Neutral” rating. The stock of SemGroup Corp (NYSE:SEMG) has “Buy” rating given on Tuesday, August 2 by UBS. As per Monday, August 10, the company rating was maintained by RBC Capital Markets. The rating was initiated by Wells Fargo with “Outperform” on Monday, December 7. The stock of SemGroup Corp (NYSE:SEMG) earned “Outperform” rating by Raymond James on Thursday, September 10.

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.
First Republic Inv Mngmt Inc reported 83,750 shares or 0.03% of all its holdings. Aperio Grp Ltd Liability last reported 0% of its portfolio in the stock. Blackrock holds 0% or 48,358 shares in its portfolio. Millennium Management Limited Liability reported 1.90 million shares or 0.14% of all its holdings. Bank Of Montreal Can last reported 0% of its portfolio in the stock. Assetmark accumulated 18,175 shares or 0.01% of the stock. Tfs Capital Limited Liability Com owns 57,084 shares or 0.34% of their US portfolio. Moreover, Secor Capital Advsr L P has 0.08% invested in SemGroup Corp (NYSE:SEMG) for 18,517 shares. Pacad Inv Limited has 0.02% invested in the company for 3,700 shares. Western Asset last reported 0.37% of its portfolio in the stock. Atlantic Llc holds 1.39M shares or 0.33% of its portfolio. Wellington Management Grp Incorporated Ltd Liability Partnership owns 490,305 shares or 0% of their US portfolio. Susquehanna Intll Group Incorporated Llp, a Pennsylvania-based fund reported 48,061 shares. Luminus Mgmt Lc has 9,100 shares for 0.01% of their US portfolio. Moreover, New York State Common Retirement Fund has 0.01% invested in SemGroup Corp (NYSE:SEMG) for 200,340 shares.

More important recent SemGroup Corp (NYSE:SEMG) news were published by: Reuters.com which released: “BRIEF-Semgroup Corp Q3 loss per share $0.14” on November 07, 2016, also Newsok.com published article titled: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream”, Reuters.com published: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” on September 29, 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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