US Capital Advisors cut shares of SemGroup (NYSE:SEMG) from an overweight rating to a hold rating in a research note released on Thursday morning. US Capital Advisors also issued estimates for SemGroup’s FY2019 earnings at $0.56 EPS.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of SemGroup from a hold rating to a sell rating in a report on Thursday, December 21st. Wells Fargo & Co raised shares of SemGroup from a market perform rating to an outperform rating in a report on Thursday, December 14th. Barclays dropped their price objective on shares of SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a report on Wednesday, November 29th. Morgan Stanley dropped their price objective on shares of SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a report on Friday, November 17th. Finally, SunTrust Banks set a $29.00 price objective on shares of SemGroup and gave the stock a buy rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. SemGroup currently has a consensus rating of Hold and an average price target of $31.14.

SemGroup (NYSE SEMG) traded down $1.90 during trading hours on Thursday, reaching $27.90. 1,794,800 shares of the company traded hands, compared to its average volume of 1,357,675. SemGroup has a 52-week low of $21.35 and a 52-week high of $42.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. The firm has a market capitalization of $2,210.00, a price-to-earnings ratio of -2,790.00, a PEG ratio of 12.57 and a beta of 2.00.

Institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC acquired a new stake in shares of SemGroup in the second quarter valued at approximately $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of SemGroup in the third quarter valued at approximately $221,000. Amalgamated Bank increased its holdings in shares of SemGroup by 0.8% in the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of SemGroup by 537.3% in the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock valued at $246,000 after purchasing an additional 7,684 shares in the last quarter. Finally, Comerica Bank acquired a new stake in shares of SemGroup in the third quarter valued at approximately $245,000. 97.97% of the stock is owned by institutional investors and hedge funds.

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SemGroup Company Profile

Analyst Recommendations for SemGroup (NYSE:SEMG)

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