SemGroup Corp (SEMG) Given Consensus Recommendation of “Hold” by Brokerages
SemGroup Corp (NYSE:SEMG) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.40.
Several equities analysts have recently issued reports on SEMG shares. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 price objective on shares of SemGroup in a research note on Tuesday, August 29th. Zacks Investment Research cut SemGroup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Morgan Stanley decreased their price objective on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. BidaskClub upgraded SemGroup from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Finally, SunTrust Banks set a $29.00 price objective on SemGroup and gave the company a “buy” rating in a research note on Friday, November 10th.
SemGroup (NYSE:SEMG) opened at $27.80 on Friday. The firm has a market capitalization of $2,152.03, a PE ratio of 21.71 and a beta of 2.04. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. SemGroup has a 52-week low of $21.35 and a 52-week high of $43.20.
A number of hedge funds have recently bought and sold shares of SEMG. Aperio Group LLC lifted its stake in SemGroup by 93.3% during the second quarter. Aperio Group LLC now owns 12,532 shares of the pipeline company’s stock worth $338,000 after purchasing an additional 6,048 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in SemGroup during the second quarter worth approximately $1,112,000. Trexquant Investment LP purchased a new stake in SemGroup during the second quarter worth approximately $227,000. Schwab Charles Investment Management Inc. lifted its stake in SemGroup by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock worth $9,421,000 after purchasing an additional 21,574 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in SemGroup by 2.5% during the second quarter. SG Americas Securities LLC now owns 55,378 shares of the pipeline company’s stock worth $1,495,000 after purchasing an additional 1,352 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.
WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/12/16/semgroup-corp-semg-given-consensus-recommendation-of-hold-by-brokerages.html.
Receive News & Stock Ratings for SemGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup and related stocks with our FREE daily email newsletter.