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.
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SemGroup Company Profile
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