Semgroup Corporation (SEMG) Given Average Rating of “Hold” by Analysts

Shares of Semgroup Corporation (NYSE:SEMG) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.60.

Several brokerages recently weighed in on SEMG. BidaskClub downgraded shares of Semgroup Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 target price on shares of Semgroup Corporation in a report on Monday, July 24th. Finally, Wells Fargo & Company cut shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th.

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Semgroup Corporation (NYSE:SEMG) opened at 25.15 on Friday. Semgroup Corporation has a 1-year low of $22.55 and a 1-year high of $43.20. The firm has a market cap of $1.98 billion, a P/E ratio of 249.01 and a beta of 2.04. The firm’s 50-day moving average price is $27.62 and its 200-day moving average price is $28.18.

Semgroup Corporation (NYSE:SEMG) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $473.00 million during the quarter, compared to the consensus estimate of $387.50 million. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The firm’s quarterly revenue was up 64.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Equities research analysts anticipate that Semgroup Corporation will post $0.76 earnings per share for the current fiscal year.

About Semgroup Corporation

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