SemGroup (SEMG) Rating Increased to Outperform at Wells Fargo & Company

SemGroup (NYSE:SEMG) was upgraded by investment analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

A number of other analysts also recently weighed in on SEMG. Royal Bank of Canada reiterated a “buy” rating and set a $33.00 price target on shares of SemGroup in a report on Tuesday, August 29th. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Morgan Stanley decreased their price target on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. BidaskClub upgraded SemGroup from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Finally, SunTrust Banks set a $29.00 price target on SemGroup and gave the stock a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Shares of SemGroup (NYSE:SEMG) traded up $0.20 during trading hours on Thursday, reaching $27.35. The company had a trading volume of 1,059,100 shares, compared to its average volume of 833,143. The company has a market cap of $2,136.29, a price-to-earnings ratio of 21.55 and a beta of 2.04. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24. SemGroup has a twelve month low of $21.35 and a twelve month high of $43.20.

Institutional investors and hedge funds have recently modified their holdings of the company. Century Capital Management LLC acquired a new stake in shares of SemGroup in the 2nd quarter valued at about $651,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of SemGroup by 72.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the pipeline company’s stock valued at $29,577,000 after buying an additional 460,800 shares during the period. Legal & General Group Plc grew its stake in shares of SemGroup by 16.2% in the 2nd quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock valued at $1,733,000 after buying an additional 8,937 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of SemGroup by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock valued at $9,421,000 after buying an additional 21,574 shares during the period. Finally, OxFORD Asset Management LLP grew its stake in shares of SemGroup by 42.9% in the 2nd quarter. OxFORD Asset Management LLP now owns 80,946 shares of the pipeline company’s stock valued at $2,186,000 after buying an additional 24,286 shares during the period. Institutional investors own 98.00% of the company’s stock.

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