Semgroup Corporation (SEMG) Receives Consensus Rating of “Hold” from Analysts
Semgroup Corporation (NYSE:SEMG) has received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.00.
A number of research firms recently issued reports on SEMG. BidaskClub raised shares of Semgroup Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price target on shares of Semgroup Corporation in a research report on Tuesday, October 3rd. Barclays PLC reaffirmed a “hold” rating and set a $32.00 price target on shares of Semgroup Corporation in a research report on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th.
Hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC bought a new stake in Semgroup Corporation during the second quarter valued at $119,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Semgroup Corporation during the third quarter valued at $221,000. Amalgamated Bank increased its stake in Semgroup Corporation by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Semgroup Corporation during the second quarter worth about $227,000. Finally, Comerica Bank bought a new position in shares of Semgroup Corporation during the third quarter worth about $245,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.
Semgroup Corporation (NYSE:SEMG) opened at $22.85 on Tuesday. The stock has a market cap of $1,780.00, a PE ratio of 17.86 and a beta of 2.05. Semgroup Corporation has a 52-week low of $21.35 and a 52-week high of $43.20. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.80 annualized dividend and a yield of 7.88%. Semgroup Corporation’s dividend payout ratio is presently -18,000.00%.
About Semgroup Corporation
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