SemGroup (NYSE:SEMG) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other analysts have also issued reports on SEMG. Barclays restated a “hold” rating and issued a $25.00 price target on shares of SemGroup in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, October 9th. Goldman Sachs Group lowered shares of SemGroup from a “neutral” rating to a “sell” rating in a research note on Monday, October 8th. Wells Fargo & Co dropped their price target on shares of SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, September 24th. Finally, Royal Bank of Canada dropped their price target on shares of SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.90.
NYSE SEMG opened at $18.31 on Friday. SemGroup has a 52 week low of $17.97 and a 52 week high of $30.95. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13. The firm has a market cap of $1.55 billion, a PE ratio of -76.29, a PEG ratio of 46.26 and a beta of 1.89.
SemGroup (NYSE:SEMG) last posted its earnings results on Wednesday, November 7th. The pipeline company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). SemGroup had a positive return on equity of 2.44% and a negative net margin of 2.17%. The firm had revenue of $634.00 million for the quarter, compared to analyst estimates of $586.71 million. During the same period in the previous year, the firm posted ($0.25) earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts anticipate that SemGroup will post 0.09 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in SemGroup during the second quarter valued at $36,753,000. BlackRock Inc. increased its stake in SemGroup by 20.9% during the second quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock valued at $140,363,000 after purchasing an additional 953,465 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in SemGroup by 24.3% during the third quarter. Kayne Anderson Capital Advisors LP now owns 2,843,619 shares of the pipeline company’s stock valued at $62,689,000 after purchasing an additional 555,991 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $159,530,000 after purchasing an additional 516,765 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its stake in SemGroup by 14.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,681,697 shares of the pipeline company’s stock valued at $93,515,000 after purchasing an additional 471,309 shares during the last quarter.
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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