SemGroup (SEMG) Sets New 1-Year Low at $16.99
SemGroup Corp (NYSE:SEMG) shares hit a new 52-week low on Thursday . The company traded as low as $16.99 and last traded at $17.27, with a volume of 15908 shares trading hands. The stock had previously closed at $17.72.
A number of research analysts have weighed in on SEMG shares. Zacks Investment Research upgraded SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, October 9th. Barclays restated a “hold” rating and issued a $25.00 price objective on shares of SemGroup in a report on Friday, October 12th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a report on Tuesday. ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Royal Bank of Canada decreased their price objective on SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. SemGroup currently has a consensus rating of “Hold” and an average target price of $26.60.
The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market capitalization of $1.42 billion, a P/E ratio of -71.92, a price-to-earnings-growth ratio of 42.35 and a beta of 1.89.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.4725 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.89 annualized dividend and a dividend yield of 11.07%. SemGroup’s dividend payout ratio is presently -787.50%.
Several hedge funds and other institutional investors have recently bought and sold shares of SEMG. Congress Asset Management Co. MA raised its holdings in SemGroup by 11.6% in the 3rd quarter. Congress Asset Management Co. MA now owns 26,453 shares of the pipeline company’s stock valued at $583,000 after buying an additional 2,755 shares during the period. JPMorgan Chase & Co. raised its holdings in SemGroup by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,040 shares of the pipeline company’s stock valued at $4,940,000 after buying an additional 3,103 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in SemGroup by 69.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock valued at $193,000 after buying an additional 3,589 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in SemGroup by 2.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 158,050 shares of the pipeline company’s stock valued at $4,014,000 after buying an additional 3,835 shares during the period. Finally, Highland Capital Management LP raised its holdings in SemGroup by 2.3% in the 2nd quarter. Highland Capital Management LP now owns 174,439 shares of the pipeline company’s stock valued at $4,431,000 after buying an additional 3,900 shares during the period.
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About SemGroup (NYSE:SEMG)
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
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