SemGroup Corp Hits New 12-Month High at $82.74 (SEMG)
Shares of SemGroup Corp (NASDAQ:SEMG) hit a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The company traded as high as $82.74 and last traded at $82.22, with a volume of 265,544 shares traded. The stock had previously closed at $80.19.
A number of analysts have recently weighed in on SEMG shares. Analysts at Zacks downgraded shares of SemGroup Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $77.80 price target on the stock. Separately, 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. Finally, 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.
The stock has a 50-day moving average of $78.83 and a 200-day moving average of $68.64. The company’s market cap is $3.500 billion.
SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.81. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $195.90 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, analysts predict that SemGroup Corp will post $1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Monday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. This is an increase from SemGroup Corp’s previous quarterly dividend of $0.24.
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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