How Citigroup Currently Rates SemGroup (NYSE:SEMG)
In a comprehensive report revealed to clients and investors today, Citigroup analysts have initiated SemGroup (NYSE:SEMG) coverage with Neutral rating.
From a total of 7 analysts covering SemGroup (NYSE:SEMG) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $75 while the lowest target price is $46. The mean of all analyst targets is $55.71 with a 126.03% above today’s ($25.66) stock price. SemGroup was the topic of 5 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Wells Fargo initiated shares on December 7 with “Outperform” rating. RBC Capital Markets maintained SEMG stock in a recent report from November 11 with “Outperform” rating.
Approximately 224,785 shares of stock traded hands. SemGroup Corp (NYSE:SEMG) has declined 68.14% since May 12, 2015 and is downtrending. It has underperformed by 64.46% the S&P500.
The overall sentiment of institutions has decreased to 1.12 in Q2 2015. Its down 0.09, from 1.21 in 2015Q2. The ratio is negative, as 44 institutions have sold all the shares of SemGroup Corp that they owned while 50 funds have taken shares off the table. 25 funds have purchased shares for the first time while 80 added to their positions. These institutions now hold 42.68 million shares or 6.60% less than the 45.70 million shares they owned in 2015Q2.
The Fund Tph Asset Management Llc currently is holding shares equating to 3.29% of its total portfolio in SemGroup Corp representing a total of 542,733 shares. Another fund,Viking Fund Management Llc, is holding a total of 357,000 shares equating to 2.71% of their holdings. Additionally, Palestra Capital Management Llc has a 628,141 share stake in SemGroup Corp which represents 2.62% of their total portfolio. The Fund, Eagle Global Advisors Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 2.33% of their total portfolio. Finally Beaconlight Capital Llc, a fund which is based in the state of New York reported a total holdings of 74,913 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 26, 2015, shareholders of SemGroup Corp have witnessed 0 insider purchases, and a total of 2 selling transactions equating to a net activity of approximately $1.04 million . Fitzgerald Robert N sold 3,500 shares worth approximately $278,110. Barpoulis Sarah Morrison sold 590 shares worth approximately $45,906.
SemGroup Corporation is a 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 has a market cap of $1.14 billion. The Firm also 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 has 29.78 P/E ratio. It also operates a network of liquid asphalt cement terminals throughout Mexico.
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.”