Shares last traded at $27.25 barely above the 50 day moving average of $25.30 and which is just under the 200 day moving average of $29.38. The 50 day moving average went up by +7.70% whereas the 200 day moving average was down $-2.13 or -7.25%. Semgroup Corporation Class A shares had a trading volume of 851K on Wednesday. Overall, volume was up 39.23% over the stocks normal daily volume.
Investors are feeling more bearish on shares of the company recently if you pay attention to the increase in short interest. The stock experienced a rise in short interest of 23.13% between August 15, 2017 and August 31, 2017. Short interest grew 1,436,997 over that timeframe. With short interest at 7,649,423 and short average daily volume at 963,754, the short-interest ratio is 8.0 and the percentage of shorted shares was 0.12% on August 31.
A few notable investment firms have updated their holdings. Sl Advisors, LLC bolstered its ownership by buying 50,886 shares an increase of 28.2% from 03/31/2017 to 06/30/2017. Sl Advisors, LLC controls 231,228 shares valued at $6,269,000. The value of the position overall is down by 3.4%. Parkwood LLC augmented its holdings by buying 9,769 shares an increase of 19.9% in the quarter. Parkwood LLC owns 58,806 shares with a value of $1,588,000. The total value of its holdings decreased 10.0%.
Trexquant Investment Lp reduced its investment by shedding 9,600 shares a decrease of 53.3% as of 06/30/2017. Trexquant Investment Lp now controls 8,400 shares worth $227,000. The value of the position overall is down by 43.7%. As of the end of the quarter Ubs Group Ag had bought a total of 4,442 shares growing its position 238.2%. The value in dollars increased from $67,000 to $170,000 a change of $103,000 quarter to quarter.
On July 17 the stock rating was downgraded from “Outperform” to “Market Perform” in a report issued by Wells Fargo. On June 14 the company was downgraded to “Equal-Weight” from “Overweight” with a current price target of $32.00 in a report from Barclays.
On June 13, 2017 the stock rating was set at “Overweight” according to a Barclays report which is up from the previous “Overweight” rating.
The company is trading unchanged from yesterday’s close of 27.25. The company declared a dividend for shareholders that was paid on Fri May 26, 2017. The dividend payment was $0.450 per share for the quarter which is $1.80 annualized. This dividend represents a yield of $6.51 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 16th of August 2017.
Semgroup Corporation Class A’s P/E ratio is 269.80 and market capitalization is 2.14B. In the last earnings report the EPS was $0.10 and is expected to be $0.77 for the current year with 78,665,000 shares presently outstanding. Next quarter’s EPS is expected be $0.40 and the next full year EPS is projected to be $1.69.
SemGroup Corporation, launched on September 19, 2005, is a provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Business’s segments include Crude Transportation; Crude Facilities; Crude Supply and Logistics; SemGas; SemCAMS; SemLogistics, SemMexico, and Corporate and Other. It also maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable customers to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico..