SemGroup (NYSE:SEMG) was downgraded by investment analysts at SunTrust Banks from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They currently have a $18.00 price objective on the pipeline company’s stock. SunTrust Banks’ target price would indicate a potential upside of 8.63% from the stock’s current price.

Several other analysts have also recently issued reports on SEMG. ValuEngine cut SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Wells Fargo & Co dropped their target price on SemGroup from $27.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, September 24th. Goldman Sachs Group cut SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. Zacks Investment Research raised SemGroup from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, October 9th. Finally, Barclays reiterated a “hold” rating and set a $25.00 price objective on shares of SemGroup in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.75.

NYSE SEMG traded down $0.22 during midday trading on Monday, hitting $16.57. 8,981 shares of the company traded hands, compared to its average volume of 1,439,463. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $1.33 billion, a PE ratio of -69.29, a price-to-earnings-growth ratio of 7.52 and a beta of 1.78. SemGroup has a 52 week low of $12.86 and a 52 week high of $30.35.

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

In other SemGroup news, Director William J. Mcadam acquired 15,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $16.57 per share, for a total transaction of $248,550.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SEMG. SG Americas Securities LLC purchased a new position in SemGroup in the 2nd quarter worth $165,000. Public Employees Retirement Association of Colorado raised its stake in SemGroup by 69.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock worth $193,000 after acquiring an additional 3,589 shares during the last quarter. Private Advisor Group LLC purchased a new position in SemGroup in the 3rd quarter worth $212,000. Gator Capital Management LLC purchased a new position in SemGroup in the 3rd quarter worth $287,000. Finally, Verition Fund Management LLC purchased a new position in SemGroup in the 2nd quarter worth $380,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.

About SemGroup

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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