SemGroup Corp. (NYSE:SEMG) Receives Average Rating of “Buy” from Brokerages
SemGroup Corp. (NYSE:SEMG) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.93.
Several analysts recently issued reports on SEMG shares. SunTrust Banks Inc. started coverage on SemGroup Corp. in a research note on Wednesday, June 15th. They set a “buy” rating on the stock. Goldman Sachs Group Inc. started coverage on SemGroup Corp. in a research note on Thursday, August 25th. They set a “buy” rating and a $39.00 target price on the stock.
Shares of SemGroup Corp. (NYSE:SEMG) traded down 1.58% during mid-day trading on Friday, reaching $34.33. The company’s stock had a trading volume of 206,108 shares. The company has a 50-day moving average price of $32.90 and a 200 day moving average price of $30.07. SemGroup Corp. has a 52-week low of $13.98 and a 52-week high of $54.43. The company’s market cap is $1.81 billion.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in shares of SemGroup Corp. by 247.1% in the first quarter. Canada Pension Plan Investment Board now owns 17,700 shares of the company’s stock worth $396,000 after buying an additional 12,600 shares during the period. LVW Advisors LLC bought a new position in shares of SemGroup Corp. during the first quarter worth approximately $410,000. Cypress Wealth Advisors LLC bought a new position in shares of SemGroup Corp. during the first quarter worth approximately $473,000. BlackRock Inc. boosted its position in shares of SemGroup Corp. by 9.7% in the first quarter. BlackRock Inc. now owns 32,265 shares of the company’s stock worth $722,000 after buying an additional 2,849 shares during the period. Finally, Barclays PLC boosted its position in shares of SemGroup Corp. by 11.1% in the first quarter. Barclays PLC now owns 33,237 shares of the company’s stock worth $731,000 after buying an additional 3,322 shares during the period.
About SemGroup Corp.
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