Shares of SemGroup Corp (NYSE:SEMG) have been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.79.
Several research analysts recently issued reports on SEMG shares. Zacks Investment Research lowered shares of SemGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $25.00 target price on shares of SemGroup in a research report on Monday, March 4th. UBS Group lowered shares of SemGroup from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $14.50 in a research report on Thursday, March 7th. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, TheStreet lowered shares of SemGroup from a “c-” rating to a “d+” rating in a research report on Monday, April 29th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. purchased a new stake in SemGroup during the first quarter valued at about $32,000. Oppenheimer Asset Management Inc. purchased a new stake in SemGroup during the fourth quarter valued at about $50,000. Quantamental Technologies LLC purchased a new stake in SemGroup during the first quarter valued at about $69,000. Public Employees Retirement System of Ohio boosted its position in SemGroup by 13.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,113 shares of the pipeline company’s stock valued at $70,000 after buying an additional 593 shares during the period. Finally, Icon Wealth Partners LLC purchased a new stake in SemGroup during the first quarter valued at about $78,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
SemGroup (NYSE:SEMG) last announced its earnings results on Tuesday, May 7th. The pipeline company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.17). SemGroup had a positive return on equity of 2.28% and a negative net margin of 0.02%. The company had revenue of $567.23 million during the quarter, compared to analysts’ expectations of $553.33 million. As a group, research analysts expect that SemGroup will post -0.63 EPS for the current year.
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.
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