Semgroup (NYSE:SEMG) had its price objective cut by investment analysts at Barclays from $32.00 to $29.00 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ price target points to a potential upside of 28.60% from the stock’s previous close.

Several other research firms have also recently issued reports on SEMG. Zacks Investment Research raised shares of Semgroup from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price target on shares of Semgroup in a research note on Tuesday, August 29th. BidaskClub raised shares of Semgroup from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Morgan Stanley decreased 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 note on Friday, November 17th. Finally, SunTrust Banks set a $29.00 price target on shares of Semgroup and gave the stock a “buy” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.00.

Semgroup (NYSE:SEMG) traded up $0.10 during trading on Wednesday, hitting $22.55. 868,700 shares of the company’s stock traded hands, compared to its average volume of 818,871. Semgroup has a one year low of $21.35 and a one year high of $43.20. The firm has a market cap of $1,813.69, a PE ratio of 18.29 and a beta of 2.08. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEMG. IHT Wealth Management LLC acquired a new stake in shares of Semgroup in the second quarter worth approximately $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Semgroup in the third quarter worth approximately $221,000. Amalgamated Bank boosted its position in shares of Semgroup by 0.8% in the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock worth $226,000 after acquiring an additional 65 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Semgroup in the second quarter worth approximately $227,000. Finally, Comerica Bank acquired a new stake in shares of Semgroup in the third quarter worth approximately $245,000. 98.00% of the stock is currently owned by institutional investors and hedge funds.

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