SemGroup (NYSE:SEMG)‘s stock had its “equal weight” rating reissued by Capital One Financial in a note issued to investors on Thursday.
A number of other equities research analysts have also issued reports on SEMG. ValuEngine lowered shares of SemGroup from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Barclays cut their price target on shares of SemGroup from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. BMO Capital Markets began coverage on shares of SemGroup in a report on Tuesday, June 12th. They issued a “market perform” rating and a $25.00 price target on the stock. Zacks Investment Research lowered shares of SemGroup from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Morgan Stanley cut their target price on shares of SemGroup from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.82.
Shares of SemGroup opened at $25.40 on Thursday, Marketbeat Ratings reports. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -105.83, a PEG ratio of 124.02 and a beta of 1.87. SemGroup has a 12-month low of $20.20 and a 12-month high of $30.95. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.34 and a current ratio of 1.46.
SemGroup (NYSE:SEMG) last announced its quarterly earnings results on Tuesday, May 8th. The pipeline company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.55). The firm had revenue of $661.61 million during the quarter, compared to the consensus estimate of $570.99 million. SemGroup had a positive return on equity of 2.17% and a negative net margin of 1.74%. SemGroup’s revenue was up 45.1% on a year-over-year basis. During the same period last year, the business earned ($0.16) EPS. research analysts expect that SemGroup will post 0.04 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in SEMG. Millennium Management LLC boosted its stake in shares of SemGroup by 637.9% during the 4th quarter. Millennium Management LLC now owns 2,806,776 shares of the pipeline company’s stock valued at $84,765,000 after purchasing an additional 2,426,406 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in SemGroup by 2,365.6% during the first quarter. Summit Trail Advisors LLC now owns 1,480,566 shares of the pipeline company’s stock worth $1,481,000 after acquiring an additional 1,420,516 shares in the last quarter. Brookfield Asset Management Inc. boosted its stake in SemGroup by 233.5% during the first quarter. Brookfield Asset Management Inc. now owns 1,968,404 shares of the pipeline company’s stock worth $42,124,000 after acquiring an additional 1,378,167 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SemGroup by 13.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,763,969 shares of the pipeline company’s stock worth $123,349,000 after acquiring an additional 704,493 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its stake in SemGroup by 49.4% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,919,057 shares of the pipeline company’s stock worth $57,942,000 after acquiring an additional 634,596 shares in 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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