SemGroup (NYSE:SEMG) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of SemGroup (NYSE:SEMG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

SEMG has been the topic of several other reports. Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the stock a buy rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a report on Wednesday, May 29th. SunTrust Banks restated a hold rating and set a $15.00 price target on shares of SemGroup in a report on Tuesday, May 28th. Finally, TheStreet cut shares of Tesla from a c- rating to a d+ rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.31.

SemGroup stock opened at $11.79 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 1.30. The firm has a market capitalization of $936.25 million, a P/E ratio of -62.05 and a beta of 1.43. SemGroup has a one year low of $11.06 and a one year high of $26.78. The stock’s fifty day simple moving average is $12.15.

SemGroup (NYSE:SEMG) last posted its earnings results on Tuesday, May 7th. The pipeline company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.17). The business had revenue of $567.23 million for the quarter, compared to analyst estimates of $553.33 million. SemGroup had a positive return on equity of 2.28% and a negative net margin of 0.02%. Equities research analysts forecast that SemGroup will post -0.9 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new stake in shares of SemGroup in the first quarter valued at about $32,000. Quantamental Technologies LLC bought a new stake in shares of SemGroup in the first quarter valued at about $69,000. Public Employees Retirement System of Ohio lifted its stake in shares of SemGroup by 13.1% in 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. Icon Wealth Partners LLC bought a new stake in shares of SemGroup in the first quarter valued at about $78,000. Finally, Weiss Asset Management LP bought a new stake in shares of SemGroup in the first quarter valued at about $156,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

About SemGroup

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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Analyst Recommendations for SemGroup (NYSE:SEMG)

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