SemGroup Corp (SEMG) Receives Average Recommendation of “Hold” from Brokerages

Shares of SemGroup Corp (NYSE:SEMG) have been given an average rating of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.50.

A number of research firms recently issued reports on SEMG. US Capital Advisors cut SemGroup from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Goldman Sachs Group cut SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Friday, January 5th. BidaskClub upgraded SemGroup from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 price objective on shares of SemGroup in a report on Tuesday, October 3rd.

SemGroup (SEMG) opened at $28.30 on Wednesday. The company has a market capitalization of $2,230.00, a P/E ratio of -2,830.00, a PEG ratio of 12.57 and a beta of 2.00. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78. SemGroup has a 1-year low of $21.35 and a 1-year high of $42.40.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Chickasaw Capital Management LLC raised its position in SemGroup by 3.2% during the 4th quarter. Chickasaw Capital Management LLC now owns 8,181,644 shares of the pipeline company’s stock valued at $247,086,000 after purchasing an additional 253,558 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in SemGroup by 15.5% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 2,923,354 shares of the pipeline company’s stock valued at $84,046,000 after purchasing an additional 392,018 shares in the last quarter. Caxton Associates LP bought a new stake in SemGroup during the 3rd quarter valued at $2,219,000. Keeley Teton Advisors LLC raised its position in SemGroup by 13.8% during the 3rd quarter. Keeley Teton Advisors LLC now owns 81,062 shares of the pipeline company’s stock valued at $2,331,000 after purchasing an additional 9,852 shares in the last quarter. Finally, Granite Point Capital Management L.P. bought a new stake in SemGroup during the 3rd quarter valued at $719,000. 97.97% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/01/10/semgroup-corp-semg-receives-average-recommendation-of-hold-from-brokerages.html.

SemGroup Company Profile

Analyst Recommendations for SemGroup (NYSE:SEMG)

Receive News & Ratings for SemGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply