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.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Friday, November 17th. SemGroup’s payout ratio is presently -2,250.00%.

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.

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About SemGroup

Analyst Recommendations for SemGroup (NYSE:SEMG)

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