Taking a Fresh Look at SemGroup Corporation (SEMG)

SemGroup Corporation (NYSE:SEMG) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Pipelines. The stock has been active on the tape, currently trading at $40.35, up from yesterday’s close by 1.77%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

This company has been competing with others in the space and offers its own combination of interesting factors SemGroup Corporation (SEMG) currently trades with a market capitalization of $2.67B. That value represents a market adjusting for revenues that have been falling by -17.50% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For SEMG, the company currently has $163.75M of cash on the books, which is offset by $1.03B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-205.70M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.17 on a per share basis this quarter. Perhaps, that suggests something about why 103.80% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, SemGroup Corporation recorded a 52-week high of 43.20. It is now trading 3.55 off that level. The stock is trading 39.56 its 50-day moving average by -0.089999999999996. The stock carved out a 52-week low down at 13.98.

In recent action, SemGroup Corporation (SEMG) has made a move of +3.20% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 57.35, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 65.57M with 11.29% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SEMG.

Previous articleChecking the Overall Picture for Penn National Gaming, Inc. (PENN)
Next articleThe Case for and Against CNO Financial Group, Inc. (CNO)