SemGroup Corp (SEMG) Given Average Rating of “Hold” by Brokerages
Shares of SemGroup Corp (NYSE:SEMG) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.58.
Several equities analysts have recently weighed in on SEMG shares. Barclays set a $19.00 price objective on SemGroup and gave the company a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. ValuEngine downgraded SemGroup from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley dropped their target price on SemGroup from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Friday, November 30th. Finally, UBS Group downgraded SemGroup from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $14.50 in a report on Thursday, March 7th.
Institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in SemGroup during the 4th quarter valued at approximately $50,000. Public Employees Retirement System of Ohio boosted its position in SemGroup by 13.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,113 shares of the pipeline company’s stock valued at $70,000 after purchasing an additional 593 shares during the period. PNC Financial Services Group Inc. boosted its position in SemGroup by 207.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,371 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 9,018 shares during the period. Squarepoint Ops LLC boosted its position in SemGroup by 28.4% during the 4th quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock valued at $203,000 after purchasing an additional 3,258 shares during the period. Finally, Private Advisor Group LLC acquired a new position in SemGroup during the 3rd quarter valued at approximately $212,000. Institutional investors own 98.24% of the company’s stock.
SemGroup (NYSE:SEMG) last issued its quarterly earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The business had revenue of $611.86 million during the quarter, compared to analyst estimates of $623.89 million. SemGroup had a positive return on equity of 0.58% and a negative net margin of 1.07%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, research analysts forecast that SemGroup will post 0.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were given a $0.4725 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.89 annualized dividend and a dividend yield of 12.87%. SemGroup’s payout ratio is -994.74%.
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operate a residual fuel oil storage terminal in the U.S.
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