SemGroup (NYSE:SEMG) was downgraded by US Capital Advisors to a “hold” rating in a note issued to investors on Thursday, The Fly reports.
Several other analysts have also recently issued reports on SEMG. BidaskClub raised shares of SemGroup from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of SemGroup in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of SemGroup from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Wells Fargo & Co upgraded shares of SemGroup from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 14th. Finally, Barclays reaffirmed a “hold” rating and issued a $32.00 price objective on shares of SemGroup in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $31.00.
SemGroup (NYSE SEMG) traded down $0.30 during midday trading on Thursday, hitting $30.50. 1,159,000 shares of the stock were exchanged, compared to its average volume of 1,201,400. SemGroup has a twelve month low of $21.35 and a twelve month high of $42.95. 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 firm has a market capitalization of $2,423.49, a PE ratio of -381.25, a P/E/G ratio of 14.09 and a beta of 2.03.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Chickasaw Capital Management LLC lifted its stake in SemGroup by 140.6% during the fourth quarter. Chickasaw Capital Management LLC now owns 2,458,105 shares of the pipeline company’s stock valued at $70,941,000 after buying an additional 1,436,584 shares in the last quarter. Eagle Global Advisors LLC lifted its stake in SemGroup by 13.0% during the first quarter. Eagle Global Advisors LLC now owns 2,817,927 shares of the pipeline company’s stock valued at $101,445,000 after buying an additional 323,623 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in SemGroup during the second quarter valued at about $346,000. Century Capital Management LLC purchased a new stake in SemGroup during the second quarter valued at about $651,000. Finally, Nationwide Fund Advisors lifted its stake in SemGroup by 1.4% during the fourth quarter. Nationwide Fund Advisors now owns 39,357 shares of the pipeline company’s stock valued at $1,136,000 after buying an additional 526 shares in the last quarter. 97.97% of the stock is owned by institutional investors.
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SemGroup Company Profile