News coverage about Semgroup Corporation (NYSE:SEMG) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Semgroup Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.1417696331901 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
SEMG has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 price target (down from $39.00) on shares of Semgroup Corporation in a research note on Wednesday, June 21st. Zacks Investment Research downgraded Semgroup Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 target price on shares of Semgroup Corporation in a research note on Monday, July 24th. BidaskClub upgraded Semgroup Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Wells Fargo & Company downgraded Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Semgroup Corporation has an average rating of “Hold” and a consensus target price of $34.43.
Semgroup Corporation (NYSE:SEMG) opened at 23.35 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 231.19 and a beta of 2.03. Semgroup Corporation has a 12-month low of $22.55 and a 12-month high of $43.20. The firm has a 50 day moving average price of $25.59 and a 200 day moving average price of $31.49.
Semgroup Corporation (NYSE:SEMG) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $473 million during the quarter, compared to analysts’ expectations of $387.50 million. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The firm’s quarterly revenue was up 64.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. On average, analysts anticipate that Semgroup Corporation will post $0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Wednesday, August 16th. Semgroup Corporation’s payout ratio is 6,000.00%.
In other news, Director William J. Mcadam acquired 15,000 shares of Semgroup Corporation stock in a transaction dated Wednesday, June 7th. The shares were bought at an average cost 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carlin G. Conner acquired 3,824 shares of Semgroup Corporation stock in a transaction dated Thursday, June 8th. The stock was purchased at an average cost of $26.18 per share, for a total transaction of $100,112.32. Following the completion of the purchase, the insider now owns 163,903 shares in the company, valued at approximately $4,290,980.54. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,324 shares of company stock worth $611,777 over the last three months. Insiders own 0.77% of the company’s stock.
Semgroup Corporation Company Profile
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.