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Analysts at Goldman Sachs initiated coverage on shares of SemGroup Corp (NASDAQ:SEMG) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

SemGroup Corp (NASDAQ:SEMG) opened at 72.35 on Thursday. SemGroup Corp has a 52 week low of $50.54 and a 52 week high of $72.91. The stock has a 50-day moving average of $66.92 and a 200-day moving average of $64.35. The company has a market cap of $3.085 billion and a price-to-earnings ratio of 176.73.

SemGroup Corp (NASDAQ:SEMG) last released its earnings data on Monday, May 12th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.09. Analysts expect that SemGroup Corp will post $1.76 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SEMG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of SemGroup Corp in a research note on Monday, June 9th. They now have a $82.00 price target on the stock, up previously from $80.00. 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.

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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