SemGroup Corp (NASDAQ:SEMG) has been given a consensus broker rating score of 1.75 (Buy) from the eight brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and four have assigned a strong buy rating to the company. SemGroup Corp’s rating score has improved by 5.9% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12-month consensus price objective of $37.00 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given SemGroup Corp an industry rank of 97 out of 265 based on the ratings given to its competitors.

Several research firms have weighed in on SEMG. Zacks Investment Research upgraded SemGroup Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Tuesday, July 26th. Goldman Sachs Group Inc. began coverage on SemGroup Corp in a report on Thursday, August 25th. They issued a “buy” rating and a $39.00 price target on the stock. SunTrust Banks Inc. began coverage on SemGroup Corp in a report on Tuesday, June 14th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Morgan Stanley restated a “hold” rating on shares of SemGroup Corp in a report on Wednesday, June 1st.

SemGroup Corp (NASDAQ:SEMG) opened at 33.50 on Tuesday. The stock’s 50 day moving average price is $31.74 and its 200-day moving average price is $29.18. The firm’s market cap is $1.77 billion. SemGroup Corp has a one year low of $13.98 and a one year high of $55.54.

SemGroup Corp (NASDAQ:SEMG) last posted its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The business had revenue of $287.40 million for the quarter, compared to the consensus estimate of $353.91 million. The company’s revenue was down 23.8% compared to the same quarter last year. Analysts forecast that SemGroup Corp will post ($0.01) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Monday, August 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.37%.

Several hedge funds have recently added to or reduced their stakes in SEMG. Chickasaw Capital Management LLC increased its stake in SemGroup Corp by 45.4% in the second quarter. Chickasaw Capital Management LLC now owns 6,131,877 shares of the company’s stock worth $199,654,000 after buying an additional 1,913,205 shares in the last quarter. Jennison Associates LLC increased its stake in SemGroup Corp by 136.1% in the second quarter. Jennison Associates LLC now owns 3,001,810 shares of the company’s stock worth $97,739,000 after buying an additional 1,730,300 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in SemGroup Corp by 1,302.5% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,122,000 shares of the company’s stock worth $36,517,000 after buying an additional 1,042,000 shares in the last quarter. Cohen & Steers Inc. increased its stake in SemGroup Corp by 446.6% in the second quarter. Cohen & Steers Inc. now owns 870,337 shares of the company’s stock worth $28,338,000 after buying an additional 711,117 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its stake in SemGroup Corp by 41.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,095,219 shares of the company’s stock worth $68,220,000 after buying an additional 610,647 shares in the last quarter.

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