SemGroup Corp Hits New 12-Month High at $88.83 (SEMG)
SemGroup Corp (NASDAQ:SEMG)’s share price reached a new 52-week high during trading on Tuesday , Analyst RN reports. The stock traded as high as $88.83 and last traded at $88.20, with a volume of 179,643 shares. The stock had previously closed at $87.73.
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 Thursday, August 28th. They now have a $87.20 price target on the stock. Finally, 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.
The stock’s 50-day moving average is $80.91 and its 200-day moving average is $71.00. The company’s market cap is $3.763 billion.
SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 48.7% on a year-over-year basis. Analysts expect that SemGroup Corp will post $1.44 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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