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.
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.
COPYRIGHT VIOLATION WARNING: “BidaskClub Downgrades Semgroup (SEMG) to Sell” was reported by BBNS and is the sole property of of BBNS. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/semgroup-corporation-semg-rating-lowered-to-sell-at-bidaskclub/1782829.html.
Receive News & Ratings for Semgroup Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semgroup Corporation and related companies with our FREE daily email newsletter.