SemGroup Corp (NASDAQ:SEMG) has received an average broker rating score of 2.00 (Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company.

Analysts have set a twelve-month consensus price target of $32.00 for the company and are expecting that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SemGroup Corp an industry rank of 203 out of 265 based on the ratings given to related companies.

SEMG has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 price objective on shares of SemGroup Corp in a report on Tuesday, August 29th. BidaskClub upgraded SemGroup Corp from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Barclays PLC restated a “hold” rating and issued a $32.00 price objective on shares of SemGroup Corp in a report on Thursday, October 19th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in SemGroup Corp by 0.4% during the first quarter. Ameriprise Financial Inc. now owns 15,591 shares of the company’s stock valued at $561,000 after acquiring an additional 65 shares during the last quarter. Amalgamated Bank boosted its position in SemGroup Corp by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the company’s stock valued at $226,000 after acquiring an additional 65 shares during the last quarter. CNH Partners LLC boosted its position in SemGroup Corp by 0.6% during the second quarter. CNH Partners LLC now owns 16,033 shares of the company’s stock valued at $433,000 after acquiring an additional 100 shares during the last quarter. IHT Wealth Management LLC bought a new stake in SemGroup Corp during the second quarter valued at $119,000. Finally, The Manufacturers Life Insurance Company boosted its position in SemGroup Corp by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 51,501 shares of the company’s stock valued at $1,391,000 after acquiring an additional 557 shares during the last quarter.

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SemGroup Corp (NASDAQ SEMG) opened at $26.55 on Friday.

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