Semgroup Corporation (SEMG) Getting Somewhat Favorable Press Coverage, Report Finds
Media stories about Semgroup Corporation (NYSE:SEMG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Semgroup Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.3513659512206 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Semgroup Corporation (NYSE:SEMG) traded up 0.87% during mid-day trading on Friday, hitting $23.15. 384,865 shares of the stock traded hands. Semgroup Corporation has a 12-month low of $22.55 and a 12-month high of $43.20. The firm’s 50 day moving average price is $25.69 and its 200 day moving average price is $31.61. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 229.21 and a beta of 2.03.
Semgroup Corporation (NYSE:SEMG) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $473 million during the quarter, compared to the consensus estimate of $387.50 million. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The business’s revenue was up 64.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts predict that Semgroup Corporation will post $0.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Friday, August 18th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.84%. Semgroup Corporation’s dividend payout ratio is presently 6,000.00%.
Several analysts recently commented on the stock. BidaskClub lowered shares of Semgroup Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price target on shares of Semgroup Corporation in a research report on Monday, July 24th. Wells Fargo & Company lowered shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, Morgan Stanley dropped their target price on shares of Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.43.
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In related news, Director Sarah Morrison Barpoulis sold 1,470 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William J. Mcadam acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was acquired at an average cost of $28.00 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders bought a total of 22,324 shares of company stock valued at $611,777 in the last quarter. Insiders own 0.77% of the company’s stock.
About Semgroup Corporation
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