Semgroup Corporation (NYSE:SEMG) had its target price dropped by research analysts at Royal Bank Of Canada from $33.00 to $28.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the pipeline company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 19.66% from the stock’s current price.

A number of other research firms also recently commented on SEMG. BidaskClub downgraded shares of Semgroup Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Wells Fargo & Company downgraded shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Semgroup Corporation has an average rating of “Hold” and an average target price of $32.60.

Semgroup Corporation (NYSE:SEMG) opened at $23.40 on Tuesday. Semgroup Corporation has a one year low of $22.55 and a one year high of $43.20. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78. The stock has a market cap of $1,971.06, a PE ratio of 19.88, a PEG ratio of 2.58 and a beta of 2.08.

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An institutional investor recently bought a new position in Semgroup Corporation stock. Granite Point Capital Management L.P. acquired a new position in Semgroup Corporation (NYSE:SEMG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the pipeline company’s stock, valued at approximately $719,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Semgroup Corporation Company Profile

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