SemGroup Corp Hits New 12-Month High at $79.84 (SEMG)
Shares of SemGroup Corp (NASDAQ:SEMG) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The stock traded as high as $79.84 and last traded at $79.84, with a volume of 183,992 shares changing hands. The stock had previously closed at $78.85.
A number of research firms have recently commented on SEMG. Analysts at Goldman Sachs initiated coverage on shares of SemGroup Corp in a research note on Thursday, June 19th. They set a “buy” rating and a $92.00 price target on the stock. Separately, 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. Finally, 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 has a 50-day moving average of $69.9 and a 200-day moving average of $65.41. The company has a market cap of $3.453 billion and a price-to-earnings ratio of 192.32.
SemGroup Corp (NASDAQ:SEMG) last posted its quarterly earnings results 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 $1.60 EPS for the current fiscal year.
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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