Zacks: SemGroup Corp (NASDAQ:SEMG) Given $37.00 Consensus Target Price by Analysts
SemGroup Corp (NASDAQ:SEMG) has been assigned an average broker rating score of 1.75 (Buy) from the eight analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company. SemGroup Corp’s rating score has improved by 5.9% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a twelve-month consensus price target of $37.00 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned SemGroup Corp an industry rank of 93 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group Inc. assumed coverage on SemGroup Corp in a report on Thursday, August 25th. They set a “buy” rating and a $39.00 target price for the company. Zacks Investment Research downgraded SemGroup Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. SunTrust Banks Inc. assumed coverage on SemGroup Corp in a report on Tuesday, June 14th. They set a “buy” rating and a $42.00 target price for the company. Finally, Morgan Stanley reissued a “hold” rating on shares of SemGroup Corp in a report on Wednesday, June 1st.
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Shares of SemGroup Corp (NASDAQ:SEMG) traded down 0.87% during midday trading on Tuesday, reaching $32.93. 212,446 shares of the company’s stock were exchanged. The company’s 50 day moving average is $31.41 and its 200-day moving average is $29.04. The stock’s market cap is $1.74 billion. SemGroup Corp has a 12 month low of $13.98 and a 12 month high of $55.54.
SemGroup Corp (NASDAQ:SEMG) last posted its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The firm had revenue of $287.40 million for the quarter, compared to analyst estimates of $353.91 million. SemGroup Corp’s quarterly revenue was down 23.8% compared to the same quarter last year. Equities analysts forecast that SemGroup Corp will post $0.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Thursday, August 11th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SEMG. Royal Bank of Canada increased its position in SemGroup Corp by 1,516.3% in the second quarter. Royal Bank of Canada now owns 4,962 shares of the company’s stock worth $162,000 after buying an additional 4,655 shares during the period. Cohen & Steers Inc. increased its position in SemGroup Corp by 446.6% in the second quarter. Cohen & Steers Inc. now owns 870,337 shares of the company’s stock worth $28,338,000 after buying an additional 711,117 shares during the period. Harvest Fund Advisors LLC increased its position in SemGroup Corp by 10.4% in the second quarter. Harvest Fund Advisors LLC now owns 2,421,069 shares of the company’s stock worth $78,830,000 after buying an additional 228,642 shares during the period. Schwab Charles Investment Management Inc. increased its position in SemGroup Corp by 14.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 226,747 shares of the company’s stock worth $7,383,000 after buying an additional 28,435 shares during the period. Finally, Stifel Financial Corp bought a new position in SemGroup Corp during the second quarter worth approximately $921,000.
SemGroup Corp Company Profile
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