Shares of SemGroup Corp (NYSE:SEMG) have received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $27.63.
Several analysts have issued reports on SEMG shares. Capital One Financial restated an “equal weight” rating on shares of SemGroup in a research note on Thursday, June 28th. ValuEngine lowered SemGroup from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a research note on Wednesday, September 12th. Barclays boosted their target price on SemGroup from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Finally, BMO Capital Markets started coverage on SemGroup in a research note on Tuesday, June 12th. They issued a “market perform” rating and a $25.00 target price on the stock.
Several large investors have recently added to or reduced their stakes in the stock. Global Financial Private Capital LLC purchased a new position in SemGroup during the second quarter worth about $228,000. Dimensional Fund Advisors LP grew its position in SemGroup by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,280,734 shares of the pipeline company’s stock worth $159,530,000 after buying an additional 516,765 shares in the last quarter. Tortoise Index Solutions LLC grew its position in SemGroup by 13.9% during the second quarter. Tortoise Index Solutions LLC now owns 34,760 shares of the pipeline company’s stock worth $883,000 after buying an additional 4,247 shares in the last quarter. Jane Street Group LLC purchased a new position in SemGroup during the first quarter worth about $294,000. Finally, Perella Weinberg Partners Capital Management LP purchased a new position in SemGroup during the second quarter worth about $3,357,000.
Shares of SEMG opened at $23.20 on Monday. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -96.67, a PEG ratio of 68.71 and a beta of 1.89. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13. SemGroup has a 1 year low of $20.20 and a 1 year high of $30.95.
SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.12). The firm had revenue of $595.80 million during the quarter, compared to the consensus estimate of $602.06 million. SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. research analysts anticipate that SemGroup will post 0.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Monday, August 20th were paid a dividend of $0.4725 per share. The ex-dividend date was Friday, August 17th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 8.15%. SemGroup’s payout ratio is -787.50%.
SemGroup Company Profile
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
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