ValuEngine upgraded shares of SemGroup (NYSE:SEMG) from a sell rating to a hold rating in a report issued on Thursday.

Several other research analysts also recently weighed in on the company. Zacks Investment Research reaffirmed a hold rating and set a $22.00 target price on shares of SemGroup in a research note on Thursday, November 15th. Wells Fargo & Co reaffirmed a hold rating on shares of SemGroup in a research note on Tuesday, November 13th. Goldman Sachs Group raised SemGroup from a sell rating to a neutral rating in a research note on Wednesday, January 2nd. Morgan Stanley reduced their price objective on SemGroup from $26.00 to $24.00 and set an equal weight rating for the company in a research note on Friday, November 30th. Finally, Barclays reissued a hold rating and issued a $25.00 price objective on shares of SemGroup in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. SemGroup currently has an average rating of Hold and an average price target of $25.78.

Shares of NYSE:SEMG opened at $16.79 on Thursday. SemGroup has a 12-month low of $12.86 and a 12-month high of $30.35. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -69.96, a P/E/G ratio of 7.52 and a beta of 1.78. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10.

SemGroup (NYSE:SEMG) last announced its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.09). SemGroup had a negative net margin of 0.99% and a positive return on equity of 0.32%. The company had revenue of $634.00 million during the quarter, compared to analyst estimates of $586.71 million. During the same period in the previous year, the firm posted ($0.25) earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that SemGroup will post -0.12 EPS for the current year.

In related news, Director William J. Mcadam bought 15,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was bought at an average cost of $16.57 per share, for a total transaction of $248,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEMG. First Trust Advisors LP boosted its holdings in SemGroup by 288.7% during the 2nd quarter. First Trust Advisors LP now owns 65,449 shares of the pipeline company’s stock valued at $1,662,000 after acquiring an additional 48,610 shares during the period. Rhumbline Advisers raised its position in SemGroup by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 80,685 shares of the pipeline company’s stock valued at $2,049,000 after purchasing an additional 11,977 shares in the last quarter. SG Americas Securities LLC acquired a new stake in SemGroup in the 2nd quarter valued at about $165,000. Schwab Charles Investment Management Inc. raised its position in SemGroup by 19.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 583,115 shares of the pipeline company’s stock valued at $14,812,000 after purchasing an additional 93,554 shares in the last quarter. Finally, BlackRock Inc. raised its position in SemGroup by 20.9% in the 2nd quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock valued at $140,363,000 after purchasing an additional 953,465 shares in the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.

SemGroup Company Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.

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Analyst Recommendations for SemGroup (NYSE:SEMG)

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