SemGroup Corp (SEMG) Receives Average Rating of “Buy” from Brokerages
SemGroup Corp (NASDAQ:SEMG) has been given a consensus broker rating score of 1.75 (Buy) from the eight analysts that provide coverage for the stock, Zacks Investment Research reports. Two 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% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $37.33 for the company and are predicting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SemGroup Corp an industry rank of 158 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on SEMG shares. Goldman Sachs Group Inc. started coverage on SemGroup Corp in a research report on Thursday, August 25th. They set a “buy” rating and a $39.00 price objective for the company. Zacks Investment Research raised SemGroup Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Tuesday, July 26th.
SemGroup Corp (NASDAQ:SEMG) traded up 0.12% during trading on Friday, reaching $33.26. The company’s stock had a trading volume of 189,301 shares. The company’s market capitalization is $1.76 billion. SemGroup Corp has a 52 week low of $13.98 and a 52 week high of $52.74. The company has a 50 day moving average price of $33.15 and a 200-day moving average price of $30.41.
SemGroup Corp (NASDAQ:SEMG) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $287.40 million for the quarter, compared to analyst estimates of $353.91 million. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. Equities research analysts anticipate that SemGroup Corp will post ($0.01) earnings per share for the current year.
Several institutional investors have recently modified their holdings of SEMG. Duff & Phelps Investment Management Co. acquired a new position in shares of SemGroup Corp during the third quarter worth about $202,000. Viking Fund Management LLC acquired a new position in shares of SemGroup Corp during the third quarter worth about $5,304,000. Royal Bank of Canada increased its position in shares of SemGroup Corp by 1,516.3% in the second quarter. Royal Bank of Canada now owns 4,962 shares of the company’s stock worth $162,000 after buying an additional 4,655 shares during the period. Cohen & Steers Inc. increased its position in shares of 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 during the period. Finally, Harvest Fund Advisors LLC increased its position in shares of SemGroup Corp by 10.4% in the second quarter. Harvest Fund Advisors LLC now owns 2,421,069 shares of the company’s stock worth $78,830,000 after buying an additional 228,642 shares during the period.
About SemGroup Corp
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