SemGroup Corp (NASDAQ:SEMG) has received a consensus broker rating score of 1.75 (Buy) from the eight brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and four have issued a strong buy recommendation on the company. SemGroup Corp’s rating score has improved by 5.9% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1-year consensus target price of $37.00 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given SemGroup Corp an industry rank of 93 out of 265 based on the ratings given to its competitors.

Several research firms have recently commented on SEMG. Goldman Sachs Group Inc. began coverage on shares of SemGroup Corp in a report on Thursday, August 25th. They issued a “buy” rating and a $39.00 price target for the company. SunTrust Banks Inc. began coverage on shares of SemGroup Corp in a report on Tuesday, June 14th. They issued a “buy” rating and a $42.00 price target for the company. Zacks Investment Research raised shares of SemGroup Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Tuesday, July 26th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of SemGroup Corp in a report on Wednesday, June 1st.

Shares of SemGroup Corp (NASDAQ:SEMG) traded down 0.87% on Tuesday, reaching $32.93. 212,446 shares of the company’s stock traded hands. The company has a 50 day moving average price of $31.41 and a 200 day moving average price of $29.04. The firm’s market capitalization is $1.74 billion. SemGroup Corp has a 52 week low of $13.98 and a 52 week high of $55.54.

SemGroup Corp (NASDAQ:SEMG) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $287.40 million for the quarter, compared to analyst estimates of $353.91 million. SemGroup Corp’s quarterly revenue was down 23.8% on a year-over-year basis. On average, equities research analysts predict that SemGroup Corp will post $0.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Monday, August 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, August 11th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. purchased a new stake in shares of SemGroup Corp during the second quarter valued at $120,000. Royal Bank of Canada increased its stake in shares of SemGroup Corp by 1,516.3% in the second quarter. Royal Bank of Canada now owns 4,962 shares of the company’s stock valued at $162,000 after buying an additional 4,655 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of SemGroup Corp during the second quarter valued at $168,000. Teacher Retirement System of Texas increased its stake in shares of SemGroup Corp by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 6,055 shares of the company’s stock valued at $197,000 after buying an additional 744 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of SemGroup Corp during the second quarter valued at $221,000.

About SemGroup Corp

5 Day Chart for NASDAQ:SEMG

Get a free copy of the Zacks research report on SemGroup Corp (SEMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SemGroup Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.