SemGroup Corp Upgraded at Zacks (SEMG)
SemGroup Corp (NASDAQ:SEMG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Thursday. The firm currently has a $87.20 target price on the stock. Zacks‘s price target points to a potential upside of 1.17% from the stock’s previous close.
A number of other analysts have also recently weighed in 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. 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.
Shares of SemGroup Corp (NASDAQ:SEMG) traded up 0.61% on Thursday, hitting $86.72. 156,268 shares of the company’s stock traded hands. SemGroup Corp has a one year low of $51.86 and a one year high of $87.25. The stock has a 50-day moving average of $80.45 and a 200-day moving average of $70.70. The company’s market cap is $3.698 billion.
SemGroup Corp (NASDAQ:SEMG) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.41) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.08 earnings per share. SemGroup Corp’s revenue was up 48.7% compared to the same quarter last year. Analysts expect that SemGroup Corp will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Monday, August 18th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change 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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