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%.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/07/semgroup-corporation-semg-given-consensus-recommendation-of-hold-by-brokerages.html.

About Semgroup Corporation

Analyst Recommendations for Semgroup Corporation (NYSE:SEMG)

Receive News & Stock Ratings for Semgroup Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semgroup Corporation and related stocks with our FREE daily email newsletter.