SemGroup (SEMG) At $24.45 Forms Bottom; 2 Analysts Bullish ScanSource, Inc. (SCSC)

December 7, 2017 - By Clifton Ray

SemGroup Corporation (SEMG) formed multiple bottom with $23.72 target or 3.00% below today’s $24.45 share price. SemGroup Corporation (SEMG) has $1.92B valuation. The stock decreased 2.20% or $0.55 during

the last trading session, reaching $24.45. About 833,166 shares traded. SemGroup Corporation (NYSE:SEMG) has risen 7.33% since December 7, 2016 and is uptrending. It has underperformed by 9.37% the S&P500.

Among 2 analysts covering ScanSource (NASDAQ:SCSC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ScanSource had 3 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, December 23 by Northcoast. On Tuesday, August 30 the stock rating was maintained by Raymond James with “Outperform”. The stock has “Sell” rating by Zacks on Wednesday, August 12. See ScanSource, Inc. (NASDAQ:SCSC) latest ratings:

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.49, from 1.52 in 2017Q1. It is negative, as 23 investors sold ScanSource, Inc. shares while 51 reduced holdings. 22 funds opened positions while 54 raised stakes. 23.70 million shares or 2.62% less from 24.33 million shares in 2017Q1 were reported. Pinebridge Invs L P owns 34,376 shares or 0.04% of their US portfolio. Bridgeway Mgmt Inc accumulated 112,500 shares. Sg Americas Secs Limited Liability reported 0% in ScanSource, Inc. (NASDAQ:SCSC). Moreover, Airain has 0.01% invested in ScanSource, Inc. (NASDAQ:SCSC). Tiaa Cref Inv holds 165,067 shares or 0% of its portfolio. Aperio Group Ltd Llc owns 9,594 shares. Blackrock Inc accumulated 0.01% or 3.08M shares. State Of Tennessee Treasury Department accumulated 23,753 shares. Piedmont Inv Advsrs Ltd Liability Company invested in 5,474 shares. Moreover, Ameriprise has 0.01% invested in ScanSource, Inc. (NASDAQ:SCSC). The New Jersey-based Bessemer Group has invested 0.01% in ScanSource, Inc. (NASDAQ:SCSC). Hussman Strategic Advsr Incorporated has 0.47% invested in ScanSource, Inc. (NASDAQ:SCSC). Gotham Asset Ltd Liability Corporation reported 0.01% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). Wellington Management Gp Limited Liability Partnership owns 0.01% invested in ScanSource, Inc. (NASDAQ:SCSC) for 1.24 million shares. Magnetar Financial Ltd Liability invested in 0% or 5,426 shares.

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. The company has market cap of $898.55 million. The companyÂ’s Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture , point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies. It has a 13.01 P/E ratio. The Company’s AIDC and POS products are used to automate the collection, processing, and communication of information for commercial and industrial applications, such as retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications; electronic physical security products, including identification, access control, video surveillance, intrusion-related, wireless, and networking infrastructure products; and 3D printing solutions to replace and complement traditional methods, as well as reduce the time and cost of designing new products.

The stock increased 0.28% or $0.1 during the last trading session, reaching $35.25. About 152,858 shares traded or 99.49% up from the average. ScanSource, Inc. (NASDAQ:SCSC) has declined 0.87% since December 7, 2016 and is downtrending. It has underperformed by 17.57% the S&P500.

Analysts await SemGroup Corporation (NYSE:SEMG) to report earnings on February, 22. They expect $0.47 earnings per share, up 161.11% or $0.29 from last year’s $0.18 per share. SEMG’s profit will be $36.98M for 13.01 P/E if the $0.47 EPS becomes a reality. After $0.60 actual earnings per share reported by SemGroup Corporation for the previous quarter, Wall Street now forecasts -21.67% negative EPS growth.

Investors sentiment increased to 1.11 in 2017 Q2. Its up 0.10, from 1.01 in 2017Q1. It is positive, as 38 investors sold SemGroup Corporation shares while 42 reduced holdings. 23 funds opened positions while 66 raised stakes. 69.13 million shares or 0.59% more from 68.73 million shares in 2017Q1 were reported. Sg Americas Ltd Co, a New York-based fund reported 55,378 shares. Bluecrest accumulated 0.07% or 67,592 shares. Advisory Rech Inc reported 0.02% stake. Clearbridge Investments Ltd invested in 1.37 million shares or 0.04% of the stock. Rhumbline Advisers owns 0.01% invested in SemGroup Corporation (NYSE:SEMG) for 83,047 shares. Employees Retirement Systems Of Ohio reported 3,435 shares. 31,522 are owned by Alps Advisors. Signaturefd reported 16,075 shares stake. Us Commercial Bank De holds 0% of its portfolio in SemGroup Corporation (NYSE:SEMG) for 25,742 shares. Petrus Communications Lta owns 13,084 shares or 0.08% of their US portfolio. Scoria Partners Ltd Partnership owns 0.99% invested in SemGroup Corporation (NYSE:SEMG) for 15,000 shares. Moreover, Pnc Financial Gru has 0% invested in SemGroup Corporation (NYSE:SEMG). Ubs Asset Management Americas Inc accumulated 33,690 shares or 0% of the stock. Goodwin Daniel L holds 0.46% in SemGroup Corporation (NYSE:SEMG) or 37,655 shares. 8,865 are owned by Westwood Hldg Group.

Among 10 analysts covering SemGroup (NYSE:SEMG), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. SemGroup has $83.0 highest and $24 lowest target. $30.63’s average target is 25.28% above currents $24.45 stock price. SemGroup had 28 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained SemGroup Corporation (NYSE:SEMG) rating on Sunday, August 27. RBC Capital Markets has “Buy” rating and $33.0 target. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, July 23 report. The company was maintained on Friday, November 17 by Morgan Stanley. The stock of SemGroup Corporation (NYSE:SEMG) has “Outperform” rating given on Monday, December 7 by Wells Fargo. The rating was initiated by Citigroup with “Neutral” on Tuesday, December 15. The firm earned “Outperform” rating on Tuesday, May 10 by RBC Capital Markets. The company was upgraded on Tuesday, June 13 by Barclays Capital. On Monday, November 13 the stock rating was maintained by UBS with “Buy”. The firm has “Buy” rating by Suntrust Robinson given on Wednesday, June 15. On Tuesday, November 14 the stock rating was maintained by RBC Capital Markets with “Buy”.


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