Semgroup Corporation (SEMG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Semgroup Corporation (NYSE:SEMG) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $34.60.
A number of analysts recently issued reports on SEMG shares. UBS AG reissued a “buy” rating and set a $42.00 price objective (down previously from $45.00) on shares of Semgroup Corporation in a report on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 price target on shares of Semgroup Corporation in a report on Monday, July 24th. BidaskClub raised Semgroup Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Barclays PLC cut Semgroup Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $36.00 to $32.00 in a report on Wednesday, June 14th. Finally, Morgan Stanley lowered their price target on Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 21st.
Semgroup Corporation (SEMG) opened at 26.50 on Thursday. Semgroup Corporation has a 1-year low of $22.55 and a 1-year high of $43.20. The company has a 50-day moving average price of $25.17 and a 200-day moving average price of $30.04. The firm has a market cap of $2.08 billion, a P/E ratio of 262.38 and a beta of 2.02.
Semgroup Corporation (NYSE:SEMG) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $473 million for the quarter, compared to analysts’ expectations of $387.50 million. Semgroup Corporation had a return on equity of 3.46% and a net margin of 0.24%. The firm’s quarterly revenue was up 64.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities research analysts forecast that Semgroup Corporation will post $0.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 18th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.80 annualized dividend and a yield of 6.79%. Semgroup Corporation’s payout ratio is 6,000.00%.
About Semgroup Corporation
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