Semgroup Corporation (SEMG) has been under a strong bear grip, hence the stock is down -12.84% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.46% in the past 1 week. The stock has risen by 0.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.94% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 5.79%. Semgroup Corporation (NYSE:SEMG): stock turned positive on Friday. Though the stock opened at $29.77, the bulls momentum made the stock top out at $30.38 level for the day. The stock recorded a low of $28.86 and closed the trading day at $29.5, in the green by 1.44%. The total traded volume for the day was 749,605. The stock had closed at $29.08 in the previous days trading.
The company Insiders own 0.86% of Semgroup Corporation shares according to the proxy statements. Institutional Investors own 98.27% of Semgroup Corporation shares. Also, Major Brokerage house, UBS maintains its ratings on Semgroup Corporation (NYSE:SEMG). In the latest research report, UBS raises the target price from $38 per share to $39 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 2, 2016.
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 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. The Company conducts its operations through six segments: Crude, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas.