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.

WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/bidaskclub-downgrades-semgroup-corporation-nysesemg-to-hold/1468733.html.

About Semgroup Corporation

Analyst Recommendations for Semgroup Corporation (NYSE:SEMG)

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