Is Selling All-time Stock Like SemGroup Corporation (SEMG) a Winning Strategy?

SemGroup Corporation (NYSE:SEMG) Logo

Investors sentiment increased to 1.7 in Q4 2018. Its up 0.82, from 0.88 in 2018Q3. It increased, as 15 investors sold SemGroup Corporation shares while 32 reduced holdings. 25 funds opened positions while 55 raised stakes. 76.35 million shares or 0.55% more from 75.93 million shares in 2018Q3 were reported.
Susquehanna Intl Group Llp holds 23,527 shares or 0% of its portfolio. Alliancebernstein Limited Partnership reported 88,317 shares. Renaissance Ltd Llc reported 0.01% of its portfolio in SemGroup Corporation (NYSE:SEMG). Swiss Bancorp has invested 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Congress Asset Mngmt Ma stated it has 26,513 shares or 0.01% of all its holdings. Clearbridge Investments Ltd Liability Co reported 2.55 million shares or 0.04% of all its holdings. Jennison Assoc Ltd Limited Liability Company holds 0.02% or 1.14M shares in its portfolio. Bridgeway Mngmt Incorporated holds 312,500 shares or 0.06% of its portfolio. Walleye Trading Ltd has 0% invested in SemGroup Corporation (NYSE:SEMG) for 30,333 shares. Salient Advsr Ltd Liability Corporation holds 1.46% of its portfolio in SemGroup Corporation (NYSE:SEMG) for 3.94 million shares. Geode Cap Management Limited Liability Co invested in 736,475 shares. 60,738 are owned by Alps Advisors. Catalyst Cap Advsrs Limited Liability Corp reported 395,687 shares. Goldman Sachs Grp holds 0% in SemGroup Corporation (NYSE:SEMG) or 380,498 shares. Nj State Employees Deferred Compensation Plan invested in 24,000 shares or 0.07% of the stock.

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

The stock of SemGroup Corporation (NYSE:SEMG) reached all time low today, May, 8 and still has $11.37 target or 7.00 % below today’s $12.23 share price. This indicates more downside for the $972.67M company. This technical setup was reported by Barchart.com. If the $11.37 PT is reached, the company will be worth $68.09M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 2.70% or $0.34 during the last trading session, reaching $12.23. About 917,489 shares traded. SemGroup Corporation (NYSE:SEMG) has declined 32.46% since May 8, 2018 and is downtrending. It has underperformed by 36.83% the S&P500.

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 $25 highest and $13 lowest target. $20.42’s average target is 66.97% above currents $12.23 stock price. Semgroup had 13 analyst reports since November 30, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Friday, March 1. The rating was maintained by Morgan Stanley on Friday, November 30 with “Equal-Weight”. The firm earned “Buy” rating on Monday, March 18 by RBC Capital Markets. The stock of SemGroup Corporation (NYSE:SEMG) has “Hold” rating given on Wednesday, March 13 by Barclays Capital. On Monday, March 4 the stock rating was maintained by BMO Capital Markets with “Market Perform”. On Tuesday, April 16 the stock rating was downgraded by Barclays Capital to “Underweight”. The firm has “Hold” rating by SunTrust given on Monday, January 14. The rating was maintained by UBS with “Buy” on Monday, February 25.

More notable recent SemGroup Corporation (NYSE:SEMG) news were published by: Zacks.com which released: “Why Is SemGroup (SEMG) Down 7% Since Last Earnings Report? – Zacks.com” on March 29, 2019, also Globenewswire.com with their article: “SemGroup Completes Sale of Glass Mountain Pipeline – GlobeNewswire” published on December 26, 2017, Globenewswire.com published: “SemGroup Completes $350 Million Transaction, Executing Balance Sheet Leverage Goals – GlobeNewswire” on October 22, 2018. More interesting news about SemGroup Corporation (NYSE:SEMG) were released by: Globenewswire.com and their article: “SemCAMS to Participate in AltaCorp Capital’s Montney and Duvernay Conferences – GlobeNewswire” published on September 11, 2018 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About OceanFirst Financial Corp. (OCFC) – Yahoo Finance” with publication date: May 02, 2019.

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 $972.67 million. 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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