BidaskClub Downgrades SemGroup Corp (SEMG) to Hold
SemGroup Corp (NASDAQ:SEMG) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
Separately, Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price target on shares of SemGroup Corp in a research note on Tuesday, August 29th.
Shares of SemGroup Corp (NASDAQ SEMG) traded down 0.55% during trading on Wednesday, hitting $26.95. 619,975 shares of the stock were exchanged. SemGroup Corp has a 52-week low of $22.55 and a 52-week high of $43.20. The firm has a 50 day moving average of $27.60 and a 200-day moving average of $28.52. The stock has a market cap of $2.12 billion and a PE ratio of 266.83.
A number of large investors have recently added to or reduced their stakes in the stock. Yorkville Capital Management LLC lifted its stake in SemGroup Corp by 1,024.5% in the second quarter. Yorkville Capital Management LLC now owns 80,887 shares of the company’s stock worth $2,184,000 after acquiring an additional 73,694 shares during the period. Verition Fund Management LLC purchased a new stake in shares of SemGroup Corp during the second quarter valued at about $453,000. IHT Wealth Management LLC purchased a new stake in shares of SemGroup Corp during the second quarter valued at about $119,000. The Manufacturers Life Insurance Company lifted its position in shares of SemGroup Corp by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 51,501 shares of the company’s stock valued at $1,391,000 after buying an additional 557 shares during the last quarter. Finally, CNH Partners LLC lifted its position in shares of SemGroup Corp by 0.6% during the second quarter. CNH Partners LLC now owns 16,033 shares of the company’s stock valued at $433,000 after buying an additional 100 shares during the last quarter.
SemGroup Corp Company Profile
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