BidaskClub Lowers SemGroup Corp (SEMG) to Sell

BidaskClub cut shares of SemGroup Corp (NASDAQ:SEMG) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

SEMG has been the subject of a number of other research reports. Barclays PLC reissued a hold rating and set a $32.00 price objective on shares of SemGroup Corp in a research report on Thursday, October 19th. Royal Bank Of Canada reissued a buy rating and set a $33.00 price objective on shares of SemGroup Corp in a research report on Tuesday, October 3rd.

Shares of SemGroup Corp (SEMG) opened at 25.75 on Thursday. The firm’s 50 day moving average price is $27.56 and its 200 day moving average price is $28.09. The stock has a market cap of $2.03 billion and a P/E ratio of 254.95. SemGroup Corp has a 52-week low of $22.55 and a 52-week high of $43.20.

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Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of SemGroup Corp during the 2nd quarter valued at $119,000. Karp Capital Management Corp bought a new stake in shares of SemGroup Corp during the 1st quarter valued at $233,000. Comerica Bank grew its position in shares of SemGroup Corp by 0.6% during the 1st quarter. Comerica Bank now owns 7,412 shares of the company’s stock valued at $247,000 after acquiring an additional 41 shares during the period. Amalgamated Bank grew its position in shares of SemGroup Corp by 0.8% during the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the company’s stock valued at $226,000 after acquiring an additional 65 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of SemGroup Corp during the 2nd quarter valued at $227,000.

SemGroup Corp Company Profile

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