SemGroup Corp Can’t Burn Your Long Portfolio. Option Traders are Bullish

 SemGroup Corp Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session SemGroup Corp (SEMG) registered an unusually high (373) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SEMG increase. With 373 contracts traded and 6014 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SEMG170120C00035000 closed last at: $2.7 or 5.9% up. About 301,054 shares traded hands. SemGroup Corp (NYSE:SEMG) has risen 26.74% since April 25, 2016 and is uptrending. It has outperformed by 20.72% the S&P500.

Analysts await SemGroup Corp (NYSE:SEMG) to report earnings on February, 23. They expect $0.14 earnings per share, down 41.67% or $0.10 from last year’s $0.24 per share. SEMG’s profit will be $9.36 million for 61.96 P/E if the $0.14 EPS becomes a reality. After $0.11 actual earnings per share 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. The firm has “Neutral” rating by Citigroup given on Tuesday, December 15. The rating was maintained by Citigroup with “Neutral” on Friday, April 8. Citigroup initiated SemGroup Corp (NYSE:SEMG) on Thursday, November 3 with “Neutral” rating. Goldman Sachs initiated it with “Buy” rating and $39 target price in Thursday, August 25 report. RBC Capital Markets maintained it with “Outperform” rating and $66 target price in Wednesday, November 11 report. On Tuesday, August 2 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $83.0 target price in Monday, August 10 report. The firm has “Outperform” rating by Wells Fargo given on Monday, December 7. The stock of SemGroup Corp (NYSE:SEMG) earned “Outperform” rating by Raymond James on Thursday, September 10. As per Tuesday, May 10, the company rating was maintained by RBC Capital Markets.

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 2016 Q2. Its down 0.23, from 1.98 in 2016Q1. The ratio fall, 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.
Allianz Asset Management Ag has 0% invested in the company for 10,620 shares. Manufacturers Life Insurance Com The holds 0% or 29,908 shares in its portfolio. Susquehanna Gru Llp owns 48,061 shares or 0% of their US portfolio. Fort Washington Advisors Inc Oh owns 7,555 shares or 0% of their US portfolio. Legal And General Gru Public Ltd Company last reported 10,175 shares in the company. Blackrock Group Limited has 42,024 shares for 0% of their US portfolio. Alliancebernstein Limited Partnership reported 70,590 shares or 0% of all its holdings. Morgan Stanley has 136,799 shares for 0% of their US portfolio. Blackrock Institutional Tru Com Na accumulated 1.22M shares or 0.01% of the stock. The Virginia-based Strategic Mngmt Limited Liability Co has invested 0.12% in SemGroup Corp (NYSE:SEMG). Teachers Advsr has 70,842 shares for 0% of their US portfolio. Prudential Fincl last reported 87,833 shares in the company. Cornerstone Mngmt Holding Lc has 41,696 shares for 0.01% of their US portfolio. Sei Invs last reported 0.03% of its portfolio in the stock. Amp Capital Investors Ltd holds 0.01% or 50,581 shares in its portfolio.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The company has a market cap of $2.32 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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