SemGroup Corp (NASDAQ:SEMG) was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research note issued on Monday, The Fly reports.

SEMG has been the topic of several other reports. UBS AG restated a “buy” rating and issued a $42.00 price objective (down from $45.00) on shares of SemGroup Corp in a research report on Monday, June 12th. Zacks Investment Research cut shares of SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (down from $39.00) on shares of SemGroup Corp in a research report on Wednesday, June 21st. Barclays PLC cut shares of SemGroup Corp from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $36.00 to $32.00 in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $41.00 price target (down from $42.00) on shares of SemGroup Corp in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.29.

Shares of SemGroup Corp (NASDAQ SEMG) opened at 27.20 on Monday. The firm has a market capitalization of $1.80 billion and a P/E ratio of 280.41. The company’s 50-day moving average is $29.03 and its 200 day moving average is $35.25. SemGroup Corp has a 52-week low of $22.55 and a 52-week high of $43.20.

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In related news, Director William J. Mcadam acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of $28.00 per share, with a total value of $420,000.00. Following the completion of the purchase, the director now owns 4,077 shares in the company, valued at approximately $114,156. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sarah Morrison Barpoulis sold 1,470 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $31.45, for a total value of $46,231.50. Following the sale, the director now directly owns 13,130 shares of the company’s stock, valued at approximately $412,938.50. The disclosure for this sale can be found here. Insiders have acquired 22,324 shares of company stock worth $611,777 over the last quarter.

Several hedge funds have recently added to or reduced their stakes in SEMG. Karp Capital Management Corp bought a new stake in SemGroup Corp during the first quarter worth $233,000. Comerica Bank bought a new stake in SemGroup Corp during the fourth quarter worth $296,000. Signature Financial Management Inc. bought a new stake in SemGroup Corp during the first quarter worth $304,000. KCG Holdings Inc. bought a new stake in SemGroup Corp during the first quarter worth $308,000. Finally, Great West Life Assurance Co. Can raised its stake in SemGroup Corp by 22.4% in the first quarter. Great West Life Assurance Co. Can now owns 9,010 shares of the company’s stock worth $323,000 after buying an additional 1,651 shares during the period.

SemGroup Corp Company Profile

The Fly

Analyst Recommendations for SemGroup Corp (NASDAQ:SEMG)

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