ValuEngine lowered shares of SemGroup (NYSE:SEMG) from a buy rating to a hold rating in a report published on Wednesday, ValuEngine reports.

A number of other equities analysts have also recently issued reports on SEMG. TheStreet cut shares of Tesla from a c- rating to a d+ rating in a research note on Monday, April 29th. Barclays set a €45.00 ($52.33) price objective on shares of Zalando and gave the company a buy rating in a research note on Tuesday, April 16th. SunTrust Banks reaffirmed a hold rating and issued a $15.00 price objective on shares of SemGroup in a research note on Tuesday, May 28th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a sell rating to a hold rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. SemGroup presently has an average rating of Hold and an average price target of $19.31.

Shares of SemGroup stock opened at $11.79 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $936.25 million, a price-to-earnings ratio of -62.05 and a beta of 1.43. The firm has a 50 day moving average of $12.15. SemGroup has a fifty-two week low of $11.06 and a fifty-two week high of $26.78.

SemGroup (NYSE:SEMG) last issued its quarterly earnings results on Tuesday, May 7th. The pipeline company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). SemGroup had a negative net margin of 0.02% and a positive return on equity of 2.28%. The company had revenue of $567.23 million during the quarter, compared to analyst estimates of $553.33 million. Equities analysts anticipate that SemGroup will post -0.9 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new position in shares of SemGroup during the first quarter worth $32,000. Quantamental Technologies LLC bought a new position in shares of SemGroup during the first quarter worth $69,000. Public Employees Retirement System of Ohio boosted its position in shares of SemGroup by 13.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,113 shares of the pipeline company’s stock worth $70,000 after purchasing an additional 593 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of SemGroup during the first quarter worth $78,000. Finally, Weiss Asset Management LP bought a new position in shares of SemGroup during the first quarter worth $156,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

About SemGroup

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 operates a residual fuel oil storage terminal in the U.S.

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Analyst Recommendations for SemGroup (NYSE:SEMG)

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