SemGroup Energy Partners (SEMG) Price Target Lowered to $26.00 at Morgan Stanley

SemGroup Energy Partners (NYSE:SEMG) had its target price reduced by Morgan Stanley from $29.00 to $26.00 in a report issued on Friday morning. They currently have an equal weight rating on the pipeline company’s stock.

SEMG has been the subject of several other research reports. ValuEngine downgraded shares of SemGroup Energy Partners from a hold rating to a sell rating in a report on Thursday, March 1st. Goldman Sachs downgraded shares of SemGroup Energy Partners from a buy rating to a neutral rating and set a $32.00 target price for the company. in a report on Friday, January 5th. Zacks Investment Research downgraded shares of SemGroup Energy Partners from a hold rating to a sell rating in a report on Thursday, December 21st. Royal Bank of Canada reiterated a buy rating and issued a $35.00 target price on shares of SemGroup Energy Partners in a report on Sunday, January 21st. Finally, Wells Fargo upgraded shares of SemGroup Energy Partners from a market perform rating to an outperform rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. SemGroup Energy Partners currently has an average rating of Hold and a consensus price target of $28.25.

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Shares of SEMG stock traded down $0.60 during trading on Friday, hitting $22.15. 913,109 shares of the stock traded hands, compared to its average volume of 947,796. The firm has a market cap of $1,789.81, a PE ratio of -92.29, a PEG ratio of 9.36 and a beta of 1.89. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.05 and a current ratio of 1.18. SemGroup Energy Partners has a 52-week low of $20.20 and a 52-week high of $36.05.

SemGroup Energy Partners (NYSE:SEMG) last released its quarterly earnings results on Monday, February 26th. The pipeline company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. SemGroup Energy Partners had a negative net margin of 0.82% and a positive return on equity of 5.14%. The firm had revenue of $606.80 million for the quarter, compared to analyst estimates of $560.34 million. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s revenue for the quarter was up 50.9% compared to the same quarter last year. equities research analysts predict that SemGroup Energy Partners will post 0.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were paid a $0.4725 dividend. This is an increase from SemGroup Energy Partners’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, March 8th. This represents a $1.89 annualized dividend and a dividend yield of 8.53%. SemGroup Energy Partners’s payout ratio is -787.50%.

In other SemGroup Energy Partners news, Director William J. Mcadam purchased 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the completion of the purchase, the director now directly owns 4,077 shares in the company, valued at approximately $92,670.21. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.77% of the company’s stock.

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in shares of SemGroup Energy Partners by 1,087.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the pipeline company’s stock worth $143,000 after acquiring an additional 4,350 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of SemGroup Energy Partners in the fourth quarter worth $156,000. Capital Innovations LLC acquired a new position in shares of SemGroup Energy Partners in the fourth quarter worth $219,000. Fox Run Management L.L.C. acquired a new position in shares of SemGroup Energy Partners in the fourth quarter worth $228,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of SemGroup Energy Partners in the third quarter worth $221,000.

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About SemGroup Energy Partners

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.

Analyst Recommendations for SemGroup Energy Partners (NYSE:SEMG)

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