SemGroup (NYSE:SEMG) has been assigned a $26.00 price target by equities research analysts at SunTrust Banks in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the pipeline company’s stock. SunTrust Banks’ price objective indicates a potential upside of 13.79% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of SemGroup from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Morgan Stanley reduced their price target on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Royal Bank of Canada reduced their price target on shares of SemGroup from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Barclays reduced their price target on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 29th. Finally, US Capital Advisors cut shares of SemGroup from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.57.
Shares of SemGroup (SEMG) traded down $0.25 on Tuesday, hitting $22.85. 61,217 shares of the stock traded hands, compared to its average volume of 1,087,401. The firm has a market capitalization of $1,800.00, a PE ratio of 2,280.00, a PEG ratio of 10.97 and a beta of 1.84. SemGroup has a 1-year low of $21.35 and a 1-year high of $37.15. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01.
A number of large investors have recently modified their holdings of the stock. Brookfield Asset Management Inc. acquired a new stake in SemGroup in the fourth quarter valued at approximately $17,825,000. MetLife Investment Advisors LLC acquired a new stake in SemGroup during the fourth quarter worth approximately $967,000. Macquarie Group Ltd. raised its holdings in SemGroup by 14.9% during the fourth quarter. Macquarie Group Ltd. now owns 22,400 shares of the pipeline company’s stock worth $1,924,000 after purchasing an additional 2,900 shares in the last quarter. Cypress Wealth Advisors LLC acquired a new stake in SemGroup during the fourth quarter worth approximately $2,594,000. Finally, Millennium Management LLC raised its holdings in SemGroup by 637.9% during the fourth quarter. Millennium Management LLC now owns 2,806,776 shares of the pipeline company’s stock worth $84,765,000 after purchasing an additional 2,426,406 shares in the last quarter.
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SemGroup Company Profile
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
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