SemGroup (NYSE:SEMG) was upgraded by stock analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently commented on SEMG. BidaskClub cut shares of SemGroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 price target on shares of SemGroup in a research note on Tuesday, August 29th. Barclays reiterated a “hold” rating and issued a $32.00 price target on shares of SemGroup in a research note on Thursday, October 19th. Finally, SunTrust Banks set a $29.00 price target on shares of SemGroup and gave the stock a “buy” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. SemGroup presently has an average rating of “Hold” and a consensus target price of $31.00.

SemGroup (NYSE:SEMG) opened at $27.80 on Thursday. 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 has a one year low of $21.35 and a one year high of $43.20. The firm has a market cap of $2,199.24, a price-to-earnings ratio of 22.18 and a beta of 2.04.

A number of hedge funds have recently made changes to their positions in SEMG. Harvest Fund Advisors LLC lifted its stake in SemGroup by 25.2% in the 3rd quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock worth $213,608,000 after purchasing an additional 1,496,078 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of SemGroup by 3,708.7% in the 3rd quarter. Citadel Advisors LLC now owns 1,242,255 shares of the pipeline company’s stock worth $35,714,000 after buying an additional 1,209,639 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in shares of SemGroup by 2,321.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 1,078,632 shares of the pipeline company’s stock worth $29,123,000 after buying an additional 1,034,091 shares during the last quarter. Atlantic Trust Group LLC increased its holdings in shares of SemGroup by 28.8% in the 2nd quarter. Atlantic Trust Group LLC now owns 3,152,498 shares of the pipeline company’s stock worth $85,118,000 after buying an additional 704,788 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of SemGroup by 16.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock worth $133,552,000 after buying an additional 667,217 shares during the last quarter. Institutional investors and hedge funds own 98.00% of the company’s stock.

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SemGroup Company Profile

Analyst Recommendations for SemGroup (NYSE:SEMG)

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