Royal Bank Of Canada Reaffirms “Buy” Rating for SemGroup Corp (SEMG)
SemGroup Corp (NASDAQ:SEMG)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Monday. They presently have a $33.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 26.20% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded SemGroup Corp from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company cut SemGroup Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Morgan Stanley restated an “equal weight” rating and set a $32.00 target price (down from $39.00) on shares of SemGroup Corp in a research note on Wednesday, June 21st. Barclays PLC cut SemGroup Corp from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $36.00 to $32.00 in a research note on Tuesday, June 13th. Finally, UBS AG restated a “buy” rating and set a $42.00 target price (down from $45.00) on shares of SemGroup Corp in a research note on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SemGroup Corp has a consensus rating of “Hold” and an average target price of $36.29.
SemGroup Corp (NASDAQ:SEMG) traded up 0.19% during mid-day trading on Monday, reaching $26.15. The company’s stock had a trading volume of 488,345 shares. The stock has a market cap of $1.73 billion and a PE ratio of 269.59. The company has a 50 day moving average of $26.21 and a 200-day moving average of $33.44. SemGroup Corp has a 52-week low of $22.55 and a 52-week high of $43.20.
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In other news, insider Carlin G. Conner purchased 3,824 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average cost of $26.18 per share, for a total transaction of $100,112.32. Following the purchase, the insider now owns 163,903 shares of the company’s stock, valued at $4,290,980.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sarah Morrison Barpoulis sold 1,470 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $31.45, for a total value of $46,231.50. Following the completion of the transaction, the director now owns 13,130 shares of the company’s stock, valued at $412,938.50. The disclosure for this sale can be found here. Insiders bought a total of 22,324 shares of company stock valued at $611,777 over the last quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY boosted its position in shares of SemGroup Corp by 7.1% in the second quarter. Miller Howard Investments Inc. NY now owns 10,871 shares of the company’s stock worth $294,000 after buying an additional 717 shares during the last quarter. US Bancorp DE boosted its position in shares of SemGroup Corp by 5.5% in the second quarter. US Bancorp DE now owns 25,742 shares of the company’s stock worth $695,000 after buying an additional 1,351 shares during the last quarter. Aperio Group LLC boosted its position in shares of SemGroup Corp by 93.3% in the second quarter. Aperio Group LLC now owns 12,532 shares of the company’s stock worth $338,000 after buying an additional 6,048 shares during the last quarter. SL Advisors LLC boosted its position in shares of SemGroup Corp by 46.2% in the first quarter. SL Advisors LLC now owns 180,342 shares of the company’s stock worth $6,490,000 after buying an additional 57,023 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of SemGroup Corp by 28.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,355 shares of the company’s stock worth $733,000 after buying an additional 4,515 shares during the last quarter.
SemGroup Corp Company Profile
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