SemGroup (NYSE:SEMG) was downgraded by investment analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a $32.00 price target on the pipeline company’s stock. Goldman Sachs Group’s target price points to a potential upside of 14.70% from the company’s previous close.
SEMG has been the subject of several other research reports. SunTrust Banks set a $29.00 price objective on SemGroup and gave the company a “buy” rating in a report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and set a $33.00 price objective on shares of SemGroup in a report on Tuesday, November 7th. BidaskClub upgraded SemGroup from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Morgan Stanley decreased their price objective on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, Barclays decreased their price objective on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. SemGroup currently has a consensus rating of “Hold” and a consensus price target of $31.14.
SemGroup (SEMG) traded down $1.90 during trading on Friday, reaching $27.90. The company’s stock had a trading volume of 1,794,809 shares, compared to its average volume of 1,357,675. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24. The stock has a market capitalization of $2,200.00, a price-to-earnings ratio of -2,790.00, a P/E/G ratio of 13.95 and a beta of 2.00. SemGroup has a one year low of $21.35 and a one year high of $42.40.
Institutional investors and hedge funds have recently modified their holdings of the company. Century Capital Management LLC purchased a new position in SemGroup in the 2nd quarter worth $651,000. Granite Point Capital Management L.P. purchased a new position in SemGroup in the 3rd quarter worth $719,000. First Trust Advisors LP purchased a new position in SemGroup in the 3rd quarter worth $665,000. Legal & General Group Plc raised its stake 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 acquiring an additional 8,937 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake 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 acquiring an additional 21,574 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.
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SemGroup Company Profile