SemGroup Corp Hits New 1-Year High at $68.54 (SEMG)
SemGroup Corp (NASDAQ:SEMG)’s share price reached a new 52-week high on Wednesday , Analyst Ratings News reports. The stock traded as high as $68.54 and last traded at $68.36, with a volume of 99,430 shares trading hands. The stock had previously closed at $68.05.
A number of research firms have recently commented on SEMG. Analysts at Zacks upgraded shares of SemGroup Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $66.60 price target on the stock.
The stock’s 50-day moving average is $65.36 and its 200-day moving average is $63.44. The company has a market cap of $2.924 billion and a price-to-earnings ratio of 165.98.
SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.09. On average, analysts predict that SemGroup Corp will post $1.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 29th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, May 15th. This is a positive change from SemGroup Corp’s previous quarterly dividend of $0.22.
Semgroup Corporation provide gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States, Canada and the west coast of the United Kingdom.
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