SemGroup (NYSE:SEMG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

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. “

A number of other equities research analysts have also recently issued reports on SEMG. Royal Bank of Canada reissued a “buy” rating and issued a $33.00 target price on shares of SemGroup in a research report on Tuesday, August 29th. BidaskClub raised shares of SemGroup from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Barclays reissued a “hold” rating and issued a $32.00 target price on shares of SemGroup in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $29.00 target price on shares of SemGroup and gave the company a “buy” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.00.

SemGroup (NYSE SEMG) opened at $27.95 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78. SemGroup has a 52-week low of $21.35 and a 52-week high of $43.20. The company has a market cap of $2,136.29, a price-to-earnings ratio of 21.55 and a beta of 2.04.

A number of hedge funds have recently bought and sold shares of SEMG. IHT Wealth Management LLC acquired a new position in SemGroup in the second quarter valued at about $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in SemGroup in the third quarter valued at about $221,000. Amalgamated Bank raised its stake in SemGroup by 0.8% in the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares in the last quarter. Trexquant Investment LP acquired a new position in SemGroup in the second quarter valued at about $227,000. Finally, Comerica Bank acquired a new position in SemGroup in the third quarter valued at about $245,000. 98.00% of the stock is owned by institutional investors and hedge funds.

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