SemGroup Corp (NASDAQ:SEMG) has received an average broker rating score of 2.00 (Buy) from the eight brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company.

Brokerages have set a 1-year consensus price objective of $32.00 for the company and are anticipating that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also given SemGroup Corp an industry rank of 216 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently commented on the stock. BidaskClub upgraded shares of SemGroup Corp from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and set a $33.00 price target on shares of SemGroup Corp in a research report on Tuesday, October 3rd. Finally, Barclays PLC restated a “hold” rating and set a $32.00 price target on shares of SemGroup Corp in a research report on Thursday.

Shares of SemGroup Corp (NASDAQ:SEMG) traded down 0.93% during midday trading on Friday, hitting $26.60. The company’s stock had a trading volume of 401,837 shares. SemGroup Corp has a 52-week low of $22.55 and a 52-week high of $43.20. The firm has a market cap of $2.09 billion and a P/E ratio of 263.37. The stock’s 50 day moving average is $27.67 and its 200-day moving average is $28.44.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in SEMG. BlackRock Inc. grew its position in shares of SemGroup Corp by 6,736.2% during the 1st quarter. BlackRock Inc. now owns 4,099,720 shares of the company’s stock valued at $147,591,000 after purchasing an additional 4,039,749 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of SemGroup Corp by 2,321.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,078,632 shares of the company’s stock valued at $29,123,000 after purchasing an additional 1,034,091 shares in the last quarter. Atlantic Trust Group LLC grew its position in shares of SemGroup Corp by 28.8% during the 2nd quarter. Atlantic Trust Group LLC now owns 3,152,498 shares of the company’s stock valued at $85,118,000 after purchasing an additional 704,788 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SemGroup Corp by 19.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,978,051 shares of the company’s stock valued at $107,407,000 after purchasing an additional 644,392 shares in the last quarter. Finally, Northern Trust Corp grew its position in SemGroup Corp by 44.9% in the second quarter. Northern Trust Corp now owns 1,559,709 shares of the company’s stock worth $42,113,000 after acquiring an additional 483,458 shares in the last quarter.

SemGroup Corp Company Profile

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