BidaskClub Downgrades Semgroup Corporation (NYSE:SEMG) to Hold
Semgroup Corporation (NYSE:SEMG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also recently issued reports on SEMG. Royal Bank Of Canada dropped their price objective on Semgroup Corporation from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 10th. Barclays PLC upgraded Semgroup Corporation from an “equal weight” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research note on Tuesday, June 13th. Morgan Stanley dropped their price objective on Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 21st. Finally, Wells Fargo & Company cut Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.00.
Shares of Semgroup Corporation (NYSE SEMG) traded up 1.2075% during trading on Thursday, reaching $24.4416. 220,411 shares of the company traded hands. The stock has a market cap of $1.92 billion, a P/E ratio of 241.9960 and a beta of 2.03. Semgroup Corporation has a 12 month low of $22.55 and a 12 month high of $43.20. The stock’s 50 day moving average price is $25.92 and its 200-day moving average price is $32.30.
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About Semgroup Corporation
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