Semgroup (NYSE:SEMG) has been given a $29.00 target price by SunTrust Banks in a research report issued to clients and investors on Thursday, November 16th. The firm presently has a “buy” rating on the pipeline company’s stock. SunTrust Banks’ target price indicates a potential upside of 14.85% from the company’s previous close. SunTrust Banks also issued estimates for Semgroup’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 weighed in on SEMG. BidaskClub downgraded shares of Semgroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Royal Bank Of Canada cut their price target on shares of Semgroup from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Finally, Barclays restated a “hold” rating and issued a $32.00 price target on shares of Semgroup in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.00.
Shares of Semgroup (SEMG) traded up $0.60 on Thursday, hitting $25.25. 1,093,947 shares of the stock traded hands, compared to its average volume of 824,400. Semgroup has a 1-year low of $21.35 and a 1-year high of $43.20. The stock has a market capitalization of $1,939.58, a P/E ratio of 19.56 and a beta of 2.04. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78.
A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of Semgroup by 0.4% in the 1st quarter. Ameriprise Financial Inc. now owns 15,591 shares of the pipeline company’s stock valued at $561,000 after buying an additional 65 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Semgroup by 30.7% in the 1st quarter. Prudential Financial Inc. now owns 20,753 shares of the pipeline company’s stock valued at $747,000 after buying an additional 4,870 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Semgroup by 5.7% in the 1st quarter. Teachers Advisors LLC now owns 113,269 shares of the pipeline company’s stock valued at $4,078,000 after buying an additional 6,073 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Semgroup by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 436,385 shares of the pipeline company’s stock valued at $15,709,000 after buying an additional 14,958 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Semgroup by 143.5% in the 1st quarter. Renaissance Technologies LLC now owns 293,557 shares of the pipeline company’s stock valued at $10,568,000 after buying an additional 173,000 shares in the last quarter. Institutional investors own 98.00% of the company’s stock.
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Semgroup Company Profile
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