SemGroup Corp Has More Gas To Decrease After Today’s Bearish Options Activity

 SemGroup Corp Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session SemGroup Corp (SEMG) recorded an unusually high (338) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SEMG decrease. With 338 contracts traded and 584 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SEMG161216P00030000 closed last at: $1.1 or 10% up. About 46,917 shares traded hands. SemGroup Corp (NYSE:SEMG) has risen 34.24% since April 14, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

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. The firm has “Outperform” rating by Wells Fargo given on Monday, December 7. Citigroup maintained SemGroup Corp (NYSE:SEMG) on Friday, April 8 with “Neutral” rating. As per Thursday, August 25, the company rating was initiated by Goldman Sachs. Citigroup initiated the shares of SEMG in a report on Thursday, November 3 with “Neutral” rating. UBS maintained it with “Buy” rating and $39 target price in Tuesday, August 2 report. The rating was initiated by Raymond James with “Outperform” on Thursday, September 10. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, May 10. The firm earned “Outperform” rating on Wednesday, November 11 by RBC Capital Markets. Suntrust Robinson initiated the stock with “Buy” rating in Wednesday, June 15 report. The stock has “Neutral” rating given by Citigroup on Tuesday, December 15.

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.
Canada Pension Plan Inv Board holds 0% or 24,800 shares in its portfolio. Raymond James & Associates has 0% invested in the company for 37,604 shares. Massachusetts Services Ma has invested 0.02% of its portfolio in SemGroup Corp (NYSE:SEMG). Hillsdale Inv owns 2,400 shares or 0.02% of their US portfolio. Bahl Gaynor Inc has 0.01% invested in the company for 14,140 shares. Beaconlight Capital Ltd Liability Co, a New York-based fund reported 205,037 shares. Manufacturers Life Insurance The has 29,908 shares for 0% of their US portfolio. Swiss Bancshares reported 86,441 shares or 0% of all its holdings. Iridian Asset Mgmt Ltd Com Ct accumulated 4.55M shares or 1.37% of the stock. Liberty Mutual Group Asset Mngmt has invested 0.06% of its portfolio in SemGroup Corp (NYSE:SEMG). Pnc Fincl Service Gp owns 541 shares or 0% of their US portfolio. Eagle Global Advsrs has 1.33% invested in the company for 1.40 million shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has invested 0.32% of its portfolio in SemGroup Corp (NYSE:SEMG). Cohen And Steers Incorporated has 0.07% invested in the company for 870,337 shares. Macquarie Group Inc Ltd holds 0% of its portfolio in SemGroup Corp (NYSE:SEMG) for 15,200 shares.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The company has a market cap of $2.28 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 news for SemGroup Corp (NYSE:SEMG) were recently published by: Newsok.com, which released: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream” on June 01, 2016. Reuters.com‘s article titled: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” and published on September 29, 2016 is yet another important article.

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