SemGroup Energy Partners (NYSE:SEMG) had its price objective decreased by Barclays from $28.00 to $25.00 in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ target price points to a potential upside of 5.04% from the company’s current price.
Several other analysts also recently weighed in on SEMG. Zacks Investment Research downgraded SemGroup Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. US Capital Advisors downgraded SemGroup Energy Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Goldman Sachs downgraded SemGroup Energy Partners from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Friday, January 5th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of SemGroup Energy Partners in a report on Sunday, January 21st. Finally, SunTrust Banks set a $26.00 price objective on SemGroup Energy Partners and gave the company a “buy” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.88.
NYSE:SEMG opened at $23.80 on Tuesday. SemGroup Energy Partners has a twelve month low of $20.20 and a twelve month high of $35.15. The firm has a market cap of $1,884.22, a PE ratio of 21.58, a price-to-earnings-growth ratio of 11.38 and a beta of 1.89. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.72.
SemGroup Energy Partners (NYSE:SEMG) last released its earnings results on Monday, February 26th. The pipeline company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. SemGroup Energy Partners had a positive return on equity of 5.14% and a negative net margin of 0.82%. The business had revenue of $606.80 million during the quarter, compared to the consensus estimate of $560.34 million. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 50.9% compared to the same quarter last year. sell-side analysts anticipate that SemGroup Energy Partners will post 0.41 earnings per share for the current year.
In other SemGroup Energy Partners news, Director William J. Mcadam purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the completion of the purchase, the director now owns 4,077 shares of the company’s stock, valued at $92,670.21. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.77% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Chickasaw Capital Management LLC grew its stake in shares of SemGroup Energy Partners by 3.2% during the fourth quarter. Chickasaw Capital Management LLC now owns 8,181,644 shares of the pipeline company’s stock worth $247,086,000 after acquiring an additional 253,558 shares during the last quarter. BlackRock Inc. boosted its position in SemGroup Energy Partners by 4.4% in the fourth quarter. BlackRock Inc. now owns 4,576,876 shares of the pipeline company’s stock valued at $138,222,000 after buying an additional 192,956 shares during the last quarter. Millennium Management LLC boosted its position in SemGroup Energy Partners by 637.9% in the fourth quarter. Millennium Management LLC now owns 2,806,776 shares of the pipeline company’s stock valued at $84,765,000 after buying an additional 2,426,406 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its position in SemGroup Energy Partners by 49.4% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,919,057 shares of the pipeline company’s stock valued at $57,942,000 after buying an additional 634,596 shares during the last quarter. Finally, Center Coast Capital Advisors LP purchased a new stake in SemGroup Energy Partners in the fourth quarter valued at approximately $37,052,000.
About SemGroup Energy Partners
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
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