SemGroup Corp (NYSE:SEMG) Receives $17.94 Average PT from Analysts

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SemGroup Corp (NYSE:SEMG) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.36.

A number of research analysts recently commented on SEMG shares. TheStreet downgraded shares of SemGroup from a “c-” rating to a “d+” rating in a research report on Monday, April 29th. Citigroup raised shares of SemGroup from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of SemGroup from a “strong sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Wednesday, May 29th. ValuEngine upgraded shares of SemGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 target price on shares of SemGroup in a report on Tuesday, May 28th.

SemGroup stock traded down $0.46 during midday trading on Thursday, reaching $8.86. 1,368,836 shares of the stock traded hands, compared to its average volume of 1,028,048. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average price of $11.64 and a two-hundred day moving average price of $13.55. The firm has a market cap of $795.82 million, a price-to-earnings ratio of -46.63 and a beta of 1.45. SemGroup has a fifty-two week low of $8.73 and a fifty-two week high of $26.05.

SemGroup (NYSE:SEMG) last released its earnings results on Thursday, August 8th. The pipeline company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.25). SemGroup had a positive return on equity of 1.17% and a negative net margin of 0.94%. The business had revenue of $674.94 million during the quarter, compared to the consensus estimate of $579.04 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that SemGroup will post -1.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.472 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 21.31%. This is an increase from SemGroup’s previous quarterly dividend of $0.42. SemGroup’s dividend payout ratio (DPR) is currently -994.74%.

A number of hedge funds have recently bought and sold shares of the stock. Weiss Asset Management LP acquired a new position in SemGroup during the first quarter worth about $156,000. Norges Bank bought a new position in shares of SemGroup during the 4th quarter worth approximately $7,003,000. Squarepoint Ops LLC boosted its holdings in shares of SemGroup by 28.4% during the 4th quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock worth $203,000 after buying an additional 3,258 shares in the last quarter. Viking Fund Management LLC raised its position in shares of SemGroup by 5.9% during the first quarter. Viking Fund Management LLC now owns 323,000 shares of the pipeline company’s stock worth $4,761,000 after purchasing an additional 18,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of SemGroup by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,666,079 shares of the pipeline company’s stock worth $91,858,000 after purchasing an additional 22,014 shares during the period. 85.87% of the stock is owned by institutional investors and hedge funds.

SemGroup Company Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Analyst Recommendations for SemGroup (NYSE:SEMG)

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