A number of firms have modified their ratings and price targets on shares of SemGroup Corp (NASDAQ: SEMG) recently:

  • 7/27/2017 – SemGroup Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma. “
  • 7/24/2017 – SemGroup Corp had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $33.00 price target on the stock.
  • 7/21/2017 – SemGroup Corp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $29.00 price target on the stock. According to Zacks, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma. “
  • 7/17/2017 – SemGroup Corp was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating.
  • 7/6/2017 – SemGroup Corp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma. “
  • 6/22/2017 – SemGroup Corp had its price target lowered by analysts at Royal Bank Of Canada from $41.00 to $33.00. They now have an “outperform” rating on the stock.
  • 6/21/2017 – SemGroup Corp had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock, down previously from $39.00.
  • 6/14/2017 – SemGroup Corp was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma. “
  • 6/13/2017 – SemGroup Corp was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $36.00 price target on the stock.
  • 6/13/2017 – SemGroup Corp was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $32.00 price target on the stock, down previously from $36.00.
  • 6/12/2017 – SemGroup Corp had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $42.00 price target on the stock, down previously from $45.00.

Shares of SemGroup Corp (NASDAQ SEMG) traded down 1.863% during midday trading on Monday, hitting $25.025. The company had a trading volume of 921,494 shares. SemGroup Corp has a one year low of $22.55 and a one year high of $43.20. The company’s 50 day moving average is $25.99 and its 200 day moving average is $32.85. The firm has a market cap of $1.66 billion and a price-to-earnings ratio of 257.990.

SemGroup Corp (NASDAQ:SEMG) last posted its earnings results on Monday, August 7th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $473 million for the quarter, compared to analysts’ expectations of $387.50 million. SemGroup Corp had a negative net margin of 2.25% and a negative return on equity of 2.88%. The company’s revenue was up 64.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts forecast that SemGroup Corp will post $0.83 earnings per share for the current fiscal year.

In other news, CFO Robert N. Fitzgerald bought 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were acquired at an average price of $26.19 per share, for a total transaction of $91,665.00. Following the completion of the acquisition, the chief financial officer now directly owns 84,528 shares in the company, valued at $2,213,788.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Morrison Barpoulis sold 1,470 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $31.45, for a total transaction of $46,231.50. Following the completion of the transaction, the director now owns 13,130 shares in the company, valued at approximately $412,938.50. The disclosure for this sale can be found here. In the last three months, insiders purchased 22,324 shares of company stock worth $611,777.

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