Is SemGroup (NYSE:SEMG) In Trouble? SunTrust Issues Downgrade.

SemGroup Corporation (NYSE:SEMG) Logo

Investors sentiment decreased to 0.88 in Q3 2018. Its down 0.40, from 1.28 in 2018Q2. It dropped, as 18 investors sold SemGroup Corporation shares while 46 reduced holdings. 17 funds opened positions while 39 raised stakes. 75.93 million shares or 5.00% less from 79.92 million shares in 2018Q2 were reported.

Alps Advsr Inc reported 55,243 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in SemGroup Corporation (NYSE:SEMG) for 3,296 shares. Asset Mngmt Inc reported 0.34% stake. Great West Life Assurance Can has 15,684 shares. Moreover, Blackrock has 0.01% invested in SemGroup Corporation (NYSE:SEMG) for 5.44M shares. 29,581 are held by Amp Capital Invsts. Evergreen Mgmt Limited Liability has invested 0.05% in SemGroup Corporation (NYSE:SEMG). First Republic Invest owns 42,690 shares for 0% of their portfolio. Manufacturers Life Insur The stated it has 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Cim Invest Mangement holds 23,214 shares or 0.18% of its portfolio. 48,839 are held by First Advsr Lp. State Street Corporation invested in 1.66 million shares or 0% of the stock. Cushing Asset Management Lp, Texas-based fund reported 261,405 shares. Jpmorgan Chase & Communications holds 224,040 shares or 0% of its portfolio. Walleye Trading Llc, a Minnesota-based fund reported 9,674 shares.

Since November 16, 2018, it had 1 insider buy, and 0 sales for $248,550 activity.

SemGroup (NYSE:SEMG) Receives a Downgrade

In a report issued to investors and clients on Monday morning, SunTrust announced that they will be downgrading shares of SemGroup (NYSE:SEMG) from a “Buy” to a “Hold” rating.

SemGroup Corporation (NYSE:SEMG) Ratings Coverage

Among 5 analysts covering Semgroup (NYSE:SEMG), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Semgroup has $29 highest and $24 lowest target. $25.50’s average target is 50.35% above currents $16.96 stock price. Semgroup had 5 analyst reports since August 10, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 12. As per Friday, August 10, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, September 24 by Wells Fargo. The stock of SemGroup Corporation (NYSE:SEMG) has “Sell” rating given on Tuesday, October 9 by Goldman Sachs. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, November 30.

The stock increased 1.01% or $0.17 during the last trading session, reaching $16.96. About 1.92M shares traded or 75.53% up from the average. SemGroup Corporation (NYSE:SEMG) has declined 38.89% since January 14, 2018 and is downtrending. It has underperformed by 38.89% the S&P500.

Analysts await SemGroup Corporation (NYSE:SEMG) to report earnings on February, 25. They expect $0.09 EPS, up 200.00 % or $0.06 from last year’s $0.03 per share. SEMG’s profit will be $7.12M for 47.11 P/E if the $0.09 EPS becomes a reality. After $0.05 actual EPS reported by SemGroup Corporation for the previous quarter, Wall Street now forecasts 80.00 % EPS growth.

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company has market cap of $1.34 billion. The Company’s Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It currently has negative earnings. This segment operates a 460-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, L.L.C.; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and a 215-mile crude oil pipeline in western and north central Oklahoma, as well as crude oil trucking fleet of 225 transport trucks and 235 trailers.

SemGroup Corporation (NYSE:SEMG) Institutional Positions Chart

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