SemGroup (NYSE:SEMG) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group downgraded shares of SemGroup (NYSE:SEMG) from a buy rating to a neutral rating in a research report sent to investors on Friday, January 5th, Marketbeat reports. Goldman Sachs Group currently has $32.00 price objective on the pipeline company’s stock.

A number of other analysts have also weighed in on SEMG. Zacks Investment Research raised shares of SemGroup from a strong sell rating to a hold rating in a report on Wednesday, November 22nd. Morgan Stanley lowered their target price on shares of SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a report on Friday, November 17th. BidaskClub raised shares of SemGroup from a hold rating to a buy rating in a report on Monday, September 18th. SunTrust Banks set a $29.00 target price on shares of SemGroup and gave the stock a buy rating in a report on Friday, November 10th. Finally, Barclays lowered their target price on shares of SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $31.14.

Shares of SemGroup (SEMG) traded up $0.55 on Friday, reaching $29.25. 762,380 shares of the company’s stock were exchanged, compared to its average volume of 1,037,548. The company has a market capitalization of $2,258.25, a PE ratio of -365.63, a price-to-earnings-growth ratio of 12.93 and a beta of 2.03. The company has a current ratio of 1.24, a quick ratio of 1.01 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 institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank lifted its position in SemGroup by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after acquiring an additional 65 shares in the last quarter. CNH Partners LLC lifted its position in SemGroup by 0.6% in the 2nd quarter. CNH Partners LLC now owns 16,033 shares of the pipeline company’s stock valued at $433,000 after acquiring an additional 100 shares in the last quarter. IHT Wealth Management LLC bought a new stake in SemGroup in the 2nd quarter valued at $119,000. The Manufacturers Life Insurance Company lifted its position in SemGroup by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,501 shares of the pipeline company’s stock valued at $1,391,000 after acquiring an additional 557 shares in the last quarter. Finally, Keybank National Association OH lifted its position in SemGroup by 6.4% in the 2nd quarter. Keybank National Association OH now owns 10,665 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 645 shares in the last quarter. 97.97% of the stock is currently owned by institutional investors and hedge funds.

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SemGroup Company Profile

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