SemGroup Corp (NYSE:SEMG) has received an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.50.

Several brokerages have recently issued reports on SEMG. Zacks Investment Research cut SemGroup from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Barclays restated a “hold” rating and issued a $28.00 price objective on shares of SemGroup in a research note on Friday, January 19th. BidaskClub upgraded SemGroup from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of SemGroup in a research note on Sunday, January 21st. Finally, Goldman Sachs Group cut SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research note on Friday, January 5th.

Shares of SemGroup (NYSE SEMG) traded down $0.75 during midday trading on Friday, reaching $25.40. The company’s stock had a trading volume of 1,535,143 shares, compared to its average volume of 985,237. SemGroup has a fifty-two week low of $21.35 and a fifty-two week high of $41.00. The firm has a market capitalization of $2,167.83, a P/E ratio of -317.50, a PEG ratio of 13.00 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.

SemGroup (NYSE:SEMG) last announced its quarterly earnings data on Thursday, November 9th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. SemGroup had a positive return on equity of 5.96% and a negative net margin of 0.41%. The firm had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $474.83 million. During the same period last year, the business posted ($0.14) earnings per share. The company’s revenue for the quarter was up 66.5% compared to the same quarter last year. analysts expect that SemGroup will post -0.24 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Chickasaw Capital Management LLC raised its position in SemGroup by 3.2% during the fourth quarter. Chickasaw Capital Management LLC now owns 8,181,644 shares of the pipeline company’s stock valued at $247,086,000 after acquiring an additional 253,558 shares in the last quarter. Harvest Fund Advisors LLC raised its position in SemGroup by 25.2% during the third quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock valued at $213,608,000 after acquiring an additional 1,496,078 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SemGroup by 16.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after acquiring an additional 667,217 shares in the last quarter. BlackRock Inc. raised its position in SemGroup by 4.4% during the fourth quarter. BlackRock Inc. now owns 4,576,876 shares of the pipeline company’s stock valued at $138,222,000 after acquiring an additional 192,956 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in SemGroup by 15.5% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 2,923,354 shares of the pipeline company’s stock valued at $84,046,000 after acquiring an additional 392,018 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

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SemGroup Company Profile

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

Analyst Recommendations for SemGroup (NYSE:SEMG)

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