SemGroup (NYSE:SEMG) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research report issued on Thursday.
A number of other research analysts have also recently commented on SEMG. BidaskClub cut shares of SemGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Barclays dropped their price objective on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $33.00 price target on shares of SemGroup in a research note on Tuesday, November 7th. Finally, SunTrust Banks set a $29.00 price target on SemGroup and gave the stock a “buy” rating in a research note on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.00.
SemGroup (NYSE:SEMG) opened at $27.35 on Thursday. 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 firm has a market cap of $2,136.29, a P/E ratio of 21.55 and a beta of 2.04. SemGroup has a 52-week low of $21.35 and a 52-week high of $43.20.
Large investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of SemGroup during the second quarter valued at $119,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of SemGroup during the third quarter valued at $221,000. Amalgamated Bank increased its holdings in shares of SemGroup by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after acquiring an additional 65 shares in the last quarter. Trexquant Investment LP bought a new position in shares of SemGroup during the second quarter valued at $227,000. Finally, 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. Hedge funds and other institutional investors own 98.00% of the company’s stock.
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SemGroup Company Profile
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