Semgroup Corporation (SEMG) Stock Rating Lowered by BidaskClub

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.

TRADEMARK VIOLATION WARNING: “Semgroup Corporation (SEMG) Stock Rating Lowered by BidaskClub” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/08/18/semgroup-corporation-semg-stock-rating-lowered-by-bidaskclub.html.

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

Analyst Recommendations for Semgroup Corporation (NYSE:SEMG)

What are top analysts saying about Semgroup Corporation? - 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 Corporation 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