Semgroup Corporation (NYSE:SEMG) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Other equities analysts have also issued reports about the stock. Barclays PLC set a $36.00 target price on shares of Semgroup Corporation and gave the company a “hold” rating in a report on Saturday, May 6th. UBS AG restated a “buy” rating and issued a $42.00 price objective (down from $45.00) on shares of Semgroup Corporation in a report on Monday, June 12th. Zacks Investment Research upgraded shares of Semgroup Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $41.00 price objective (down from $42.00) on shares of Semgroup Corporation in a report on Tuesday, May 9th. Finally, Morgan Stanley decreased their price objective on shares of Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Semgroup Corporation currently has an average rating of “Hold” and a consensus price target of $34.43.
Semgroup Corporation (NYSE:SEMG) opened at 22.95 on Wednesday. Semgroup Corporation has a 12-month low of $22.55 and a 12-month high of $43.20. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 227.23 and a beta of 2.03. The stock has a 50 day moving average price of $25.69 and a 200 day moving average price of $31.61.
Semgroup Corporation (NYSE:SEMG) last released its earnings results on Monday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The firm had revenue of $473 million during the quarter, compared to analyst estimates of $387.50 million. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue was up 64.6% on a year-over-year basis. On average, analysts expect that Semgroup Corporation will post $0.77 EPS for the current year.
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In other news, insider Carlin G. Conner acquired 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average cost of $26.18 per share, for a total transaction of $100,112.32. Following the acquisition, the insider now directly owns 163,903 shares in the company, valued at $4,290,980.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert N. Fitzgerald acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $26.19 per share, with a total value of $91,665.00. Following the completion of the acquisition, the chief financial officer now owns 84,528 shares in the company, valued at $2,213,788.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 22,324 shares of company stock valued at $611,777. 0.77% of the stock is owned by company insiders.
Semgroup Corporation Company Profile
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