SemGroup (SEMG) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada reissued their buy rating on shares of SemGroup (NYSE:SEMG) in a research report report published on Sunday morning. The firm currently has a $35.00 target price on the pipeline company’s stock.

A number of other equities research analysts also recently issued reports on SEMG. Wells Fargo & Co raised SemGroup from a market perform rating to an outperform rating in a research report on Thursday, December 14th. Zacks Investment Research raised SemGroup from a strong sell rating to a hold rating in a research report on Wednesday, November 22nd. Barclays lowered their price target on SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a research report on Wednesday, November 29th. Morgan Stanley lowered their price target on SemGroup from $32.00 to $29.00 and set an equal weight rating for the company in a research report on Friday, November 17th. Finally, SunTrust Banks set a $29.00 price target on SemGroup and gave the company a buy rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. SemGroup currently has an average rating of Hold and an average price target of $32.00.

SemGroup (SEMG) opened at $29.50 on Friday. The company has a market capitalization of $2,320.00, a price-to-earnings ratio of -2,950.00, a P/E/G ratio of 13.22 and a beta of 2.00. SemGroup has a 12 month low of $21.35 and a 12 month high of $42.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01.

SemGroup (NYSE:SEMG) last released its earnings results on Thursday, November 9th. The pipeline company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The firm had revenue of $545.90 million during the quarter, compared to analyst estimates of $474.83 million. SemGroup had a positive return on equity of 5.96% and a negative net margin of 0.41%. The business’s quarterly revenue was up 66.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. equities analysts predict that SemGroup will post -0.25 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Advisors Capital Management LLC purchased a new stake in shares of SemGroup in the fourth quarter worth about $8,933,000. Viking Fund Management LLC boosted its position in shares of SemGroup by 34.1% in the fourth quarter. Viking Fund Management LLC now owns 248,000 shares of the pipeline company’s stock worth $7,490,000 after buying an additional 63,000 shares during the period. Personal Capital Advisors Corp boosted its position in shares of SemGroup by 13.8% in the fourth quarter. Personal Capital Advisors Corp now owns 66,372 shares of the pipeline company’s stock worth $2,004,000 after buying an additional 8,027 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of SemGroup in the fourth quarter worth about $228,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of SemGroup by 10.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 450,596 shares of the pipeline company’s stock worth $13,608,000 after buying an additional 41,307 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

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SemGroup Company Profile

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

Analyst Recommendations for SemGroup (NYSE:SEMG)

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