SemGroup Corp (SEMG) Stock Rating Reaffirmed by Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of SemGroup Corp (NASDAQ:SEMG) in a research report released on Tuesday, May 9th, Marketbeat.com reports. They currently have a $41.00 price target on the stock, down from their prior price target of $42.00.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of SemGroup Corp from a hold rating to a buy rating and set a $46.00 price objective on the stock in a research report on Thursday, January 19th. Barclays PLC started coverage on shares of SemGroup Corp in a research report on Tuesday, February 21st. They issued an equal weight rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $38.33.

SemGroup Corp (NASDAQ SEMG) traded down 8.85% during midday trading on Tuesday, reaching $26.25. The company had a trading volume of 1,107,494 shares. The firm’s 50 day moving average is $31.66 and its 200 day moving average is $36.28. SemGroup Corp has a 1-year low of $25.70 and a 1-year high of $43.20. The stock has a market capitalization of $1.74 billion and a PE ratio of 270.62.

ILLEGAL ACTIVITY WARNING: “SemGroup Corp (SEMG) Stock Rating Reaffirmed by Royal Bank Of Canada” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/06/14/semgroup-corp-semg-stock-rating-reaffirmed-by-royal-bank-of-canada-updated-updated-updated.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Thursday, May 11th.

In other news, Director Sarah Morrison Barpoulis sold 1,470 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $31.45, for a total value of $46,231.50. Following the completion of the transaction, the director now owns 13,130 shares in the company, valued at approximately $412,938.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Mcadam acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average price of $28.00 per share, with a total value of $420,000.00. Following the purchase, the director now owns 4,077 shares in the company, valued at approximately $114,156. The disclosure for this purchase can be found here. Insiders bought 27,324 shares of company stock valued at $780,977 over the last 90 days.

Several large investors have recently bought and sold shares of SEMG. Chickasaw Capital Management LLC raised its stake in SemGroup Corp by 6.8% in the first quarter. Chickasaw Capital Management LLC now owns 6,373,401 shares of the company’s stock valued at $229,442,000 after buying an additional 404,078 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SemGroup Corp by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,520,635 shares of the company’s stock worth $198,743,000 after buying an additional 294,061 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of SemGroup Corp by 2.2% in the first quarter. Iridian Asset Management LLC CT now owns 5,467,272 shares of the company’s stock worth $196,822,000 after buying an additional 118,925 shares in the last quarter. BlackRock Inc. raised its stake in shares of SemGroup Corp by 6,736.2% in the first quarter. BlackRock Inc. now owns 4,099,720 shares of the company’s stock worth $147,591,000 after buying an additional 4,039,749 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SemGroup Corp by 17.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,659 shares of the company’s stock worth $120,010,000 after buying an additional 485,040 shares in the last quarter.

About SemGroup Corp

What are top analysts saying about SemGroup Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SemGroup Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit