Semgroup Corporation (SEMG) has risen sharply, recording gains of 3.33% in the past 4 weeks. However, the stock has corrected -3.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 5.68%.The 200 Day SMA reached 23% SemGroup Corporation is up 11.28% in the last 3-month period. Year-to-Date the stock performance stands at 15.18%.
Semgroup Corporation (SEMG) : 6 Wall Street analysts covering Semgroup Corporation (SEMG) believe that the average level the stock could reach for the short term is $37. The maximum price target given is $39 and the minimum target for short term is around $35, hence the standard deviation is calculated at $1.9.
For the current week, the company shares have a recommendation consensus of Buy. Semgroup Corporation (NYSE:SEMG): stock was range-bound between the intraday low of $32.017 and the intraday high of $33.38 after having opened at $32.76 on Fridays session. The stock finally closed in the red at $32.76, a loss of -0.06%. The stock remained in the red for the whole trading day. The total traded volume was 994,125 shares. The stock failed to cross $33.38 in Fridays trading. The stocks closing price on Thursday was $33.24.
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.