SemGroup (SEMG) Downgraded by US Capital Advisors to “Hold”

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.

TRADEMARK VIOLATION WARNING: This news story was posted by American Market News and is the sole property of of American Market News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/04/semgroup-semg-downgraded-by-us-capital-advisors-to-hold.html.

SemGroup Company Profile