The stock of SemGroup Corp (NYSE:SEMG) hit a new 52-week high and has $38.19 target or 5.00% above today’s $36.37 share price. The 5 months bullish chart indicates low risk for the $2.63 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $38.19 price target is reached, the company will be worth $131.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 921,580 shares traded hands or 32.71% up from the average. SemGroup Corp (NYSE:SEMG) has risen 15.36% since April 28, 2016 and is uptrending. It has outperformed by 9.43% the S&P500.
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 $10.12 million for 64.95 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. The firm has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. As per Friday, April 8, the company rating was maintained by Citigroup. The stock of SemGroup Corp (NYSE:SEMG) earned “Buy” rating by Suntrust Robinson on Wednesday, June 15. The company was maintained on Tuesday, May 10 by RBC Capital Markets. The stock has “Overweight” rating given by Barclays Capital on Wednesday, November 25. The company was maintained on Tuesday, August 2 by UBS. Citigroup initiated SemGroup Corp (NYSE:SEMG) on Thursday, November 3 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, December 15 by Citigroup. Goldman Sachs initiated the shares of SEMG in a report on Thursday, August 25 with “Buy” rating. The rating was initiated by Raymond James with “Outperform” 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 decreased to 1.75 in Q2 2016. Its down 0.23, from 1.98 in 2016Q1. The ratio turned 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.
Alliancebernstein Ltd Partnership owns 70,590 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement reported 27,716 shares or 0% of all its holdings. Highland Mgmt L P last reported 503,663 shares in the company. Fort Washington Advsr Oh holds 0% of its portfolio in SemGroup Corp (NYSE:SEMG) for 7,555 shares. Yorkville Management Limited Liability Com holds 7,090 shares or 0.25% of its portfolio. Cubist Systematic Strategies last reported 0.02% of its portfolio in the stock. Moreover, Cornerstone Cap Mgmt Ltd has 0.01% invested in SemGroup Corp (NYSE:SEMG) for 41,696 shares. Hillsdale Inv Management has invested 0.02% of its portfolio in SemGroup Corp (NYSE:SEMG). Legal And General Group Public Ltd Co has invested 0% of its portfolio in SemGroup Corp (NYSE:SEMG). Jennison Limited Co accumulated 0.11% or 3.00M shares. Invesco Limited has 105,997 shares for 0% of their US portfolio. Commonwealth Equity Svcs has invested 0% of its portfolio in SemGroup Corp (NYSE:SEMG). Lvw Limited Liability Com accumulated 0.22% or 18,300 shares. Metropolitan Life Ins Ny has invested 0.02% of its portfolio in SemGroup Corp (NYSE:SEMG). Nbw Capital Limited Liability Company holds 326,552 shares or 3.27% of its portfolio.
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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