SEMG - SemGroup Corporation

NYSE - NYSE Delayed Price. Currency in USD
15.97
+0.02 (+0.13%)
At close: 4:02PM EDT

15.97 0.00 (0.00%)
After hours: 4:17PM EDT

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Previous Close15.95
Open15.91
Bid15.93 x 1100
Ask16.01 x 800
Day's Range15.87 - 16.05
52 Week Range8.10 - 21.94
Volume889,166
Avg. Volume2,231,795
Market Cap1.257B
Beta (3Y Monthly)1.21
PE Ratio (TTM)N/A
EPS (TTM)-0.86
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & Yield1.89 (11.93%)
Ex-Dividend Date2019-08-14
1y Target Est15.22
Trade prices are not sourced from all markets
  • GlobeNewswire

    Shareholder Investigation Alert: Halper Sadeh LLP Continues to Investigate Whether the Sale of These Companies is Fair to Shareholders – PRTO, FCSC, SEMG, UCFC

    NEW YORK, Oct. 15, 2019 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Proteon Therapeutics, Inc. (NASDAQ: PRTO)The.

  • PR Newswire

    Lifshitz & Miller LLP Announces Investigation of Arotech Corporation, Dova Pharmaceuticals, Inc., Highlands Bankshares, Inc., Progenics Pharmaceuticals, Inc., Proteon Therapeutics, Inc., Roan Resources, Inc., SemGroup Corporation and The Stars Group Inc.

    NEW YORK , Oct. 8, 2019 /PRNewswire/ -- Arotech Corporation (ARTX) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of Arotech to Greenbriar ...

  • TransAlta Inks Deal to Develop 40MW Cogeneration Facility
    Zacks

    TransAlta Inks Deal to Develop 40MW Cogeneration Facility

    TransAlta's (TAC) agreement with SemGroup ensures long-term EBITDA.

  • CNW Group

    TransAlta and SemCAMS Midstream Announce Agreement to Construct and Own a New Cogeneration Plant in Alberta

    CALGARY , Oct. 1, 2019 /CNW/ - TransAlta Corporation (TransAlta) (TA.TO)(TAC) and SemCAMS Midstream ULC ("SemCAMS"), a subsidiary of SemGroup Corporation (SEMG) announce today that they have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the cogeneration plant which will be jointly owned, operated and maintained with SemCAMS.

  • Barrons.com

    Beacon Roofing, Sunrun, Marchex and Other 13D Filings

    Velan Capital and LTE Partners disclosed jointly on Sept. 19 that they added 658,061 shares to their stake in the cancer-focused biopharmaceutical at prices of $4.39 to $4.99 each from Sept. 3 to Sept. 9. The investors now hold a total of 10,161,733 shares, equal to about 11.5% of Progenics’ outstanding stock.

  • GlobeNewswire

    MERGER ALERT –SEMG, ALDR, and HLND: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, Sept. 27, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • ACCESSWIRE

    SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of SemGroup Corporation - SEMG

    BALA CYNWYD, PA / ACCESSWIRE / September 27, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of SemGroup Corporation ("SemGroup" ...

  • GlobeNewswire

    MERGER ALERT –SEMG and HLND: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, Sept. 23, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • GlobeNewswire

    Shareholder Investigation Alert: Halper Sadeh LLP Continues to Investigate Whether the Sale of These Companies is Fair to Shareholders – UCFC, SEMG, ALDR, FCSC

    The investigation concerns whether United Community and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of United Community to First Defiance Financial Corp. Under the terms of the agreement, United Community shareholders will receive 0.3715 shares of First Defiance common stock for each share of United Community common stock. If you are a United Community shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/united-community-financial-corp-ucfc-first-defiance-merger-stock/.

  • ACCESSWIRE

    CBM, SEMG, ALDR: Monteverde & Associates PC Reminds Investors of an Ongoing Inquiry Regarding the Acquisition

    NEW YORK, NY / ACCESSWIRE / September 20, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in ...

  • GlobeNewswire

    SEMG, PVTL, FCSC and AVDR SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts

    WILMINGTON, Del., Sept. 19, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: SemGroup Corporation (NYSE: SEMG) regarding possible breaches of fiduciary.

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates the SemGroup Corporation
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates the SemGroup Corporation

    NEW YORK , Sept. 17, 2019 /PRNewswire/ -- WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the Board of the SemGroup Corporation ("SemGroup" or ...

  • Business Wire

    SEMGROUP CORPORATION INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SemGroup Corporation - SEMG

    Under the terms of the proposed transaction, shareholders of SemGroup will receive only $6.80 in cash and 0.7275 shares of Energy Transfer for each share of SemGroup that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-semg/ to learn more.

  • Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
    Zacks

    Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More

    Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.

  • Benzinga

    A Look At Benzinga Pro's Most-Searched Tickers For September 17, 2019

    This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Yuma Energy (AMEX: YUMA) shares were up 5.1% ...

  • Is the Options Market Predicting a Spike in SemGroup (SEMG) Stock?
    Zacks

    Is the Options Market Predicting a Spike in SemGroup (SEMG) Stock?

    Investors need to pay close attention to SemGroup (SEMG) stock based on the movements in the options market lately.

  • GlobeNewswire

    Shareholder Investigation Alert: Halper Sadeh LLP Continues to Investigate Whether the Sale of These Companies is Fair to Shareholders – PVTL, UCFC, SEMG, ALDR

    The investigation concerns whether Pivotal Software and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of Pivotal Software to VMware, Inc. If you are a Pivotal Software shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/pivotal-software-inc-merger-stock-vmware.

  • Stock Market News For Sep 17, 2019
    Zacks

    Stock Market News For Sep 17, 2019

    Benchmarks closed in the negative territory on Monday after oil prices soar due to attack on Saudi oil production facilities.

  • Energy Transfer Boosts Midstream Services Via SemGroup Buyout
    Zacks

    Energy Transfer Boosts Midstream Services Via SemGroup Buyout

    Energy Transfer's (ET) acquisition of SemGroup will make it a stronger midstream service provider in the United States.

  • SemGroup Shares Surge on Takeover Deal by Energy Transfer
    Zacks

    SemGroup Shares Surge on Takeover Deal by Energy Transfer

    On the deal's conclusion, SemGroup (SEMG) shareholders are likely to own nearly 2.2% of Energy Transfer's outstanding common units.

  • Energy junk bonds see bounce following Saudi oil-facility attack, soaring crude prices
    MarketWatch

    Energy junk bonds see bounce following Saudi oil-facility attack, soaring crude prices

    Oil futures saw their biggest gains in a decade Monday, after Saturday’s attack on Saudi oil facilities shocked markets and gave a lift to bonds issued by debt-laden U.S. energy companies.

  • Moody's

    HFOTCO LLC -- Moody's reviews SEMGroup and HFOTCO for upgrade

    Concurrently, Moody's also placed on review for upgrade the Ba3 CFR, Ba3-PD probability of default and Ba3 senior secured ratings of HFOTCO, a wholly owned subsidiary of SEMGroup. The transaction was approved by the board of directors of both Energy Transfer and SEMGroup and is expected to close by late 2019 or early 2020, subject to obtaining regulatory approvals, SemGroup shareholder approval and other customary closing conditions.

  • Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of SemGroup Corporation (NYSE: SEMG) on Behalf of SemGroup Shareholders and Encourages SemGroup Investors to Contact the Firm
    PR Newswire

    Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of SemGroup Corporation (NYSE: SEMG) on Behalf of SemGroup Shareholders and Encourages SemGroup Investors to Contact the Firm

    NEW YORK, Sept. 16, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of SemGroup Corporation (SEMG) on behalf of SemGroup shareholders concerning the proposed merger with Energy Transfer LP. Pursuant to the proposed transaction, announced on September 16, 2019 and valued at up to $5.1 billion, SemGroup shareholders will receive $6.80 in cash and 0.7275 shares of Energy Transfer common stock for each share of SemGroup common stock owned.  The investigation focuses on whether SemGroup and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company's shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

  • Kelcy Warren Misses Out on Oil Rally as Investors Punish Deal
    Bloomberg

    Kelcy Warren Misses Out on Oil Rally as Investors Punish Deal

    (Bloomberg) -- On a day when the biggest oil rally in more than a decade boosted most U.S. energy stocks, billionaire Kelcy Warren’s plan to acquire a rival wiped out $1.5 billion of his pipeline giant’s market value.Energy Transfer LP’s announcement Monday that it agreed to purchase SemGroup Corp. sent the buyer’s units falling the most in a month. Energy investors have been increasingly restive with anything short of strict financial discipline.The $17-a-share offer represents a 65% premium to SemGroup’s closing price Friday, according to a statement. The value of the $1.35 billion cash-and-stock deal rises to $5 billion with the inclusion of debt. SemGroup soared 61% on Monday while its suitor fell 4.2%.For deal-hungry Warren, the transaction is his latest run at a consolidation spree that included last year’s pursuit of NuStar GP Holdings LLC, which fizzled when the target rebuffed the approach.Energy Transfer was one of the only pipeline operators to fall on a day when oil prices surged the most in a decade after an attack at a Saudi Arabian crude-processing facility.The “acquisition this morning represents a sharp reversal from recent messaging on portfolio management, capital discipline and accelerated deleveraging,” Tudor Pickering Holt & Co. analysts said in a note to clients.Investors have been similarly harsh on other notable energy deals this year. Occidental Petroleum Corp. and Callon Petroleum Co. plunged after announcing deals to buy Anadarko Petroleum Corp. and Carrizo Oil & Gas Inc., respectively.Both buyers now have disgruntled billionaires knocking at the door: Carl Icahn is pushing Occidental to sell the combined company, while John Paulson is urging Callon to scrap the deal and put itself up for sale.Energy Transfer is unlikely to draw an activist investor given its structure as a master limited partnership, a model employed by many pipeline companies that shields investors from certain taxes but also comes with fewer rights for common unitholders.Not all analysts disliked the SemGroup deal. While Sanford C. Bernstein’s research team said investors will likely be “disappointed,” analysts led by Jean Ann Salisbury said they “don’t see this deal as a disaster” because $170 million in cost savings Energy Transfer is eyeing are “doable.”‘A Lot of Frogs’Warren -- who built his empire scooping up small pipeline companies as the shale boom exploded -- first signaled he could resume buying in August 2018. That was just eight days after the company announced a streamlining move in part meant to improve stock performance.“We kiss a lot of frogs looking for a prince,” Warren said on a conference call in November. “We are working it hard. I will tell you, though, we are not finding any deals.”Dealmaking has been a touchy subject for Warren ever since Energy Transfer walked away from a $33 billion agreement to buy Williams Cos., which would have been its biggest acquisition yet.SemGroup’s crude and products terminal on the Houston Ship Channel is likely the driver behind Energy Transfer’s decision to buy the company, Wells Fargo Securities’ Michael Blum said in a note Monday. Still, “many of the other assets don’t seem to fit ET’s footprint and are of lower quality and we wouldn’t be surprised to see ET divest some of the assets,” he said.Energy Transfer is already looking to sell a 33% stake in its Rover pipeline that carries Appalachian natural gas to customers across the Midwest, people familiar with the matter said in July.“From ‘30,000 feet,’ in a market where investors are pushing companies to reduce spending and leverage and increase free cash flow, we’re not sure the optics of this deal will be met with enthusiasm,” Blum wrote of the SemGroup acquisition.No CallEnergy Transfer is likely to “face investor scrutiny around the asset mix and the merits of the transaction, though at first glance, it passes our litmus test on accretion,” Citigroup Inc. analyst Timm Schneider wrote in a note to clients.“We wish we could ask some questions, but there is no conference call,” Schneider said.While Energy Transfer is offering a big takeover premium, Tulsa-based SemGroup has seen its stock fall by more than half in the last year. The company had previously worked with an adviser on alternative options to raise capital, people familiar with the matter said earlier this year.For SemGroup, the deal offers “a nice exit ramp for the company following a strategic review that could have gone in many directions,” Wells Fargo’s Blum said.Jefferies LLC acted as exclusive financial adviser to SemGroup, while Bank of America Merrill Lynch advised Energy Transfer.To contact the reporter on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.