SemGroup (SEMG) Downgraded to “Hold” at US Capital Advisors

US Capital Advisors cut shares of SemGroup (NYSE:SEMG) from an overweight rating to a hold rating in a research report released on Thursday morning. US Capital Advisors also issued estimates for SemGroup’s FY2019 earnings at $0.56 EPS.

Several other brokerages have also recently commented on SEMG. Royal Bank of Canada reiterated a buy rating and set a $33.00 price target on shares of SemGroup in a research report on Tuesday, November 7th. BidaskClub upgraded shares of SemGroup from a sell rating to a hold rating in a research report on Thursday, November 2nd. Barclays reiterated a hold rating and set a $32.00 price target on shares of SemGroup in a research report on Thursday, October 19th. Zacks Investment Research cut shares of SemGroup from a hold rating to a sell rating in a research report on Friday, December 15th. Finally, SunTrust Banks set a $29.00 price target on shares of SemGroup and gave the stock a buy rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $31.14.

SemGroup (NYSE:SEMG) traded down $0.70 on Thursday, reaching $29.80. 1,233,100 shares of the company’s stock traded hands, compared to its average volume of 1,211,967. 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 firm has a market cap of $2,200.00, a PE ratio of -2,980.00, a PEG ratio of 13.95 and a beta of 2.00. SemGroup has a 52-week low of $21.35 and a 52-week high of $42.85.

Several large investors have recently modified their holdings of SEMG. IHT Wealth Management LLC acquired a new stake in shares of SemGroup during the 2nd quarter worth approximately $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in SemGroup during the third quarter valued at approximately $221,000. Amalgamated Bank grew its holdings in SemGroup by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares during the period. Comerica Bank acquired a new position in SemGroup during the third quarter valued at approximately $245,000. Finally, BNP Paribas Arbitrage SA grew its holdings in SemGroup by 537.3% during the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock valued at $246,000 after purchasing an additional 7,684 shares during the period. Institutional investors own 97.97% of the company’s stock.

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