SemGroup Corp Expected to Post FY2019 Earnings of $0.56 Per Share (SEMG)

SemGroup Corp (NYSE:SEMG) – Stock analysts at US Capital Advisors issued their FY2019 earnings per share (EPS) estimates for shares of SemGroup in a research report issued on Thursday. US Capital Advisors analyst J. Carreker expects that the pipeline company will earn $0.56 per share for the year. US Capital Advisors currently has a “Hold” rating on the stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group downgraded SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 price target for the company. in a report on Friday. SunTrust Banks set a $29.00 price target on SemGroup and gave the company a “buy” rating in a report on Thursday, November 16th. BidaskClub downgraded SemGroup from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Barclays restated a “hold” rating and set a $32.00 price target on shares of SemGroup in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. SemGroup currently has a consensus rating of “Hold” and an average price target of $31.14.

Shares of SemGroup (NYSE:SEMG) traded down $0.70 during trading hours on Friday, hitting $29.80. The stock had a trading volume of 1,233,100 shares, compared to its average volume of 1,211,967. SemGroup has a 1 year low of $21.35 and a 1 year high of $42.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. The company has a market capitalization of $2,200.00, a P/E ratio of -2,980.00, a PEG ratio of 13.95 and a beta of 2.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEMG. Russell Investments Group Ltd. bought a new stake in SemGroup in the 2nd quarter worth about $1,112,000. Schwab Charles Investment Management Inc. increased its holdings in SemGroup by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock worth $9,421,000 after buying an additional 21,574 shares in the last quarter. Legal & General Group Plc increased its holdings in SemGroup by 16.2% in the 2nd quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock worth $1,733,000 after buying an additional 8,937 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in SemGroup by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after buying an additional 7,684 shares in the last quarter. Finally, Keybank National Association OH increased its holdings in SemGroup by 6.4% in the 2nd quarter. Keybank National Association OH now owns 10,665 shares of the pipeline company’s stock worth $288,000 after buying an additional 645 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

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