SunTrust Banks, Inc. Analysts Give Semgroup Corporation (SEMG) a $29.00 Price Target
SunTrust Banks, Inc. set a $29.00 price objective on Semgroup Corporation (NYSE:SEMG) in a report released on Thursday morning. The brokerage currently has a buy rating on the pipeline company’s stock. SunTrust Banks also issued estimates for Semgroup Corporation’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.36) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $1.03 EPS.
Several other equities research analysts also recently commented on SEMG. Zacks Investment Research raised shares of Semgroup Corporation from a sell rating to a hold rating and set a $29.00 price objective on the stock in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a buy rating and set a $33.00 price objective on shares of Semgroup Corporation in a report on Monday, July 24th. Finally, BidaskClub upgraded Semgroup Corporation from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Semgroup Corporation presently has a consensus rating of Hold and an average target price of $31.50.
Semgroup Corporation (NYSE SEMG) traded up $0.05 during midday trading on Thursday, reaching $22.50. 1,340,000 shares of the company’s stock traded hands, compared to its average volume of 885,303. The stock has a market capitalization of $1,770.41, a P/E ratio of 17.86 and a beta of 2.08. Semgroup Corporation has a 1-year low of $21.35 and a 1-year high of $43.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Friday, November 17th. Semgroup Corporation’s dividend payout ratio is presently -2,250.00%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Semgroup Corporation during the second quarter valued at about $346,000. Century Capital Management LLC bought a new stake in shares of Semgroup Corporation during the second quarter valued at about $651,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Semgroup Corporation by 72.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the pipeline company’s stock valued at $29,577,000 after buying an additional 460,800 shares during the period. Legal & General Group Plc increased its position in shares of Semgroup Corporation by 16.2% during the second quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock valued at $1,733,000 after buying an additional 8,937 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Semgroup Corporation by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock valued at $9,421,000 after buying an additional 21,574 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.
About Semgroup Corporation
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