SemGroup Corp (SEMG) Receives Consensus Rating of “Hold” from Brokerages

SemGroup Corp (NYSE:SEMG) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $32.50.

Several research analysts recently weighed in on SEMG shares. SunTrust Banks set a $29.00 target price on SemGroup and gave the company a “buy” rating in a research note on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $33.00 target price on shares of SemGroup in a research note on Tuesday, November 7th. Morgan Stanley decreased their price target on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Barclays decreased their price target on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded SemGroup from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 22nd.

SemGroup (NYSE SEMG) opened at $27.65 on Friday. SemGroup has a 52 week low of $21.35 and a 52 week high of $42.40. The firm has a market capitalization of $2,285.86, a PE ratio of -345.63, a P/E/G ratio of 13.70 and a beta of 1.87. 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 (NYSE:SEMG) last announced its earnings results on Thursday, November 9th. The pipeline company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. SemGroup had a positive return on equity of 5.96% and a negative net margin of 0.41%. The business had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $474.83 million. During the same quarter last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was up 66.5% on a year-over-year basis. equities analysts forecast that SemGroup will post -0.24 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC boosted its position in shares of SemGroup by 3.2% in 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 during the period. Harvest Fund Advisors LLC boosted its position in shares of SemGroup by 25.2% in the 3rd quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock valued at $213,608,000 after purchasing an additional 1,496,078 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SemGroup by 16.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after purchasing an additional 667,217 shares during the period. BlackRock Inc. boosted its position in shares of SemGroup by 0.6% in the 2nd quarter. BlackRock Inc. now owns 4,124,951 shares of the pipeline company’s stock valued at $111,372,000 after purchasing an additional 25,231 shares during the period. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in SemGroup by 15.5% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 2,923,354 shares of the pipeline company’s stock worth $84,046,000 after acquiring an additional 392,018 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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SemGroup Company Profile

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

Analyst Recommendations for SemGroup (NYSE:SEMG)

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