SemGroup Corp (NYSE:SEMG) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $26.33.
A number of research firms have commented on SEMG. Barclays restated a “hold” rating and issued a $25.00 price target on shares of SemGroup in a research report on Friday, October 12th. Capital One Financial restated an “equal weight” rating on shares of SemGroup in a research report on Thursday, June 28th. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of SemGroup from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $26.00 price target on shares of SemGroup in a research report on Friday, July 13th.
A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of SemGroup during the second quarter worth approximately $165,000. Global Financial Private Capital LLC acquired a new position in shares of SemGroup during the second quarter worth approximately $228,000. Amalgamated Bank acquired a new position in shares of SemGroup during the second quarter worth approximately $274,000. Jane Street Group LLC acquired a new position in shares of SemGroup during the first quarter worth approximately $294,000. Finally, Cim Investment Mangement Inc. acquired a new position in shares of SemGroup during the second quarter worth approximately $322,000.
Shares of SemGroup stock traded up $0.05 during trading on Friday, hitting $21.09. 521,700 shares of the company’s stock traded hands, compared to its average volume of 852,615. 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 twelve month low of $20.20 and a twelve month high of $30.95. The firm has a market cap of $1.68 billion, a P/E ratio of -87.88, a price-to-earnings-growth ratio of 60.71 and a beta of 1.88.
SemGroup (NYSE:SEMG) last released its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.12). The firm had revenue of $595.80 million during the quarter, compared to analyst estimates of $602.06 million. SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. SemGroup’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that SemGroup will post 0.07 earnings per share for the current fiscal year.
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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