Ownership Change to Note: Semgroup Corp Sentiment Improves on Better Stock Potential

December 1, 2016 - By Ruchi Gupta   ·   0 Comments

Ownership Change to Note: Semgroup Corp Sentiment  Improves on Better Stock Potential

Sentiment for Semgroup Corp (NYSE:SEMG)

Semgroup Corp (NYSE:SEMG) institutional sentiment decreased to 1.75 in Q2 2016. Its down -0.23, from 1.98 in 2016Q1. The ratio turned negative, as 107 institutional investors increased or opened new equity positions, while 54 decreased and sold their stakes in Semgroup Corp. The institutional investors in our partner’s database now hold: 53.63 million shares, up from 44.69 million shares in 2016Q1. Also, the number of institutional investors holding Semgroup Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 39 Increased: 68 New Position: 39.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The company has a market cap of $2.63 billion.

About 753,491 shares traded hands or 8.51% 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 $10.09 million for 64.91 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.

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.”

Chickasaw Capital Management Llc holds 4.91% of its portfolio in SemGroup Corp for 6.13 million shares. Nbw Capital Llc owns 326,552 shares or 3.27% of their US portfolio. Moreover, Palestra Capital Management Llc has 3.23% invested in the company for 1.24 million shares. The New York-based Beaconlight Capital Llc has invested 3.11% in the stock. Salient Capital Advisors Llc, a Texas-based fund reported 2.32 million shares.#img1#

SemGroup Corp (NYSE:SEMG) Ratings Coverage

Ratings analysis reveals 88% of SemGroup’s analysts are positive. Out of 8 Wall Street analysts rating SemGroup, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $24 while the high is $83.0. The stock’s average target of $38.20 is 4.95% above today’s ($36.4) share price. SEMG was included in 13 notes of analysts from August 10, 2015. Wells Fargo initiated the stock with “Outperform” rating in Monday, December 7 report. The company was initiated on Wednesday, June 15 by Suntrust Robinson. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 10 report. Citigroup initiated SemGroup Corp (NYSE:SEMG) on Tuesday, December 15 with “Neutral” rating. The firm earned “Buy” rating on Thursday, August 25 by Goldman Sachs. RBC Capital Markets maintained it with “Outperform” rating and $66 target price in Wednesday, November 11 report. Citigroup maintained the shares of SEMG in a report on Friday, April 8 with “Neutral” rating. RBC Capital Markets maintained SemGroup Corp (NYSE:SEMG) rating on Tuesday, May 10. RBC Capital Markets has “Outperform” rating and $39 price target. On Thursday, September 10 the stock rating was initiated by Raymond James with “Outperform”. The firm has “Neutral” rating given on Thursday, November 3 by Citigroup.

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: 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.

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By Ruchi Gupta

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