BidaskClub Downgrades Semgroup (SEMG) to Sell

BidaskClub lowered shares of Semgroup (NYSE:SEMG) from a hold rating to a sell rating in a report issued on Tuesday, November 14th.

A number of other research firms have also recently issued reports on SEMG. Royal Bank Of Canada reissued a buy rating and issued a $33.00 price target on shares of Semgroup in a research note on Tuesday, August 29th. SunTrust Banks set a $29.00 target price on shares of Semgroup and gave the stock a buy rating in a research note on Friday, November 10th. Wells Fargo & Company cut shares of Semgroup from an outperform rating to a market perform rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of Semgroup from a sell rating to a hold rating and set a $29.00 target price on the stock in a research note on Friday, July 21st. Finally, Barclays reaffirmed a hold rating and set a $32.00 target price on shares of Semgroup in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Semgroup presently has a consensus rating of Hold and a consensus target price of $31.00.

Semgroup (SEMG) traded up $0.65 during trading on Tuesday, reaching $24.65. 1,170,000 shares of the company were exchanged, compared to its average volume of 968,920. Semgroup has a 1 year low of $21.35 and a 1 year high of $43.20. The firm has a market cap of $1,940.00, a PE ratio of 19.56 and a beta of 2.00. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, November 17th. This represents a $1.80 annualized dividend and a dividend yield of 7.30%. Semgroup’s dividend payout ratio is presently -18,000.00%.

A number of institutional investors and hedge funds have recently modified their holdings of SEMG. Ameriprise Financial Inc. raised its holdings in Semgroup by 0.4% in the 1st quarter. Ameriprise Financial Inc. now owns 15,591 shares of the pipeline company’s stock valued at $561,000 after buying an additional 65 shares during the period. Prudential Financial Inc. raised its holdings in Semgroup by 30.7% in the 1st quarter. Prudential Financial Inc. now owns 20,753 shares of the pipeline company’s stock valued at $747,000 after buying an additional 4,870 shares during the period. Teachers Advisors LLC increased its stake in Semgroup by 5.7% during the first quarter. Teachers Advisors LLC now owns 113,269 shares of the pipeline company’s stock worth $4,078,000 after purchasing an additional 6,073 shares during the period. Legal & General Group Plc increased its stake in Semgroup by 5.6% during the first quarter. Legal & General Group Plc now owns 55,242 shares of the pipeline company’s stock worth $1,984,000 after purchasing an additional 2,940 shares during the period. Finally, Geode Capital Management LLC increased its stake in Semgroup by 3.5% during the first quarter. Geode Capital Management LLC now owns 436,385 shares of the pipeline company’s stock worth $15,709,000 after purchasing an additional 14,958 shares during the period. Hedge funds and other institutional investors own 98.00% of the company’s stock.

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