SemGroup (NYSE:SEMG) had its price target reduced by analysts at SunTrust Banks from $17.00 to $16.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the pipeline company’s stock. SunTrust Banks’ target price would indicate a potential upside of 0.13% from the stock’s previous close.

SEMG has been the subject of a number of other reports. Citigroup lowered shares of SemGroup from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $17.00 in a research note on Monday, September 16th. Wells Fargo & Co upped their price objective on shares of SemGroup from $10.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 17th. ValuEngine lowered shares of SemGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. UBS Group upped their price objective on shares of SemGroup from $10.25 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Barclays reaffirmed a “sell” rating and issued a $12.00 price objective on shares of SemGroup in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $16.67.

NYSE:SEMG opened at $15.98 on Tuesday. SemGroup has a 1-year low of $8.10 and a 1-year high of $21.94. The company has a 50-day moving average of $13.59 and a 200 day moving average of $12.76. The firm has a market cap of $1.27 billion, a PE ratio of -84.11 and a beta of 1.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.45 and a quick ratio of 1.36.

SemGroup (NYSE:SEMG) last released its quarterly earnings data on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.25). SemGroup had a positive return on equity of 1.13% and a negative net margin of 0.94%. The business had revenue of $674.94 million during the quarter, compared to analysts’ expectations of $579.04 million. During the same period last year, the company earned ($0.11) earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that SemGroup will post -0.8 EPS for the current fiscal year.

In other SemGroup news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $16.61, for a total transaction of $93,720,396.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in shares of SemGroup during the third quarter valued at about $5,977,000. Lenox Wealth Advisors LLC purchased a new stake in shares of SemGroup during the third quarter valued at about $30,000. Cresset Asset Management LLC purchased a new stake in shares of SemGroup during the second quarter valued at about $885,000. Zimmer Partners LP purchased a new stake in shares of SemGroup during the second quarter valued at about $7,256,000. Finally, Advisors Capital Management LLC lifted its position in shares of SemGroup by 9.6% during the second quarter. Advisors Capital Management LLC now owns 626,421 shares of the pipeline company’s stock valued at $7,517,000 after buying an additional 55,041 shares during the last quarter. 79.38% of the stock is owned by institutional investors and hedge funds.

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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