Semgroup Corporation (SEMG) Earning Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Semgroup Corporation (NYSE:SEMG) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Semgroup Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.3367003245129 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

A number of research analysts have recently issued reports on SEMG shares. Zacks Investment Research downgraded shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $33.00 price target on shares of Semgroup Corporation in a research report on Monday, July 24th. Wells Fargo & Company downgraded shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, BidaskClub upgraded shares of Semgroup Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.60.

Shares of Semgroup Corporation (NYSE:SEMG) traded down $0.12 during midday trading on Friday, hitting $26.55. 517,941 shares of the stock were exchanged, compared to its average volume of 533,091. The firm has a market cap of $2,088.58, a P/E ratio of 34.48, a P/E/G ratio of 2.73 and a beta of 2.08. Semgroup Corporation has a 1 year low of $22.55 and a 1 year high of $43.20. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.86.

Semgroup Corporation (NYSE:SEMG) last issued its quarterly earnings results 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 firm had revenue of $473.00 million for the quarter, compared to the consensus estimate of $387.50 million. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. sell-side analysts expect that Semgroup Corporation will post 1.08 earnings per share for the current year.

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