Shares of SemGroup Corp (NYSE:SEMG) have earned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.64.

Several brokerages recently weighed in on SEMG. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet lowered Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Barclays set a €81.00 ($94.19) target price on Fresenius Medical Care AG & Co. KGaA and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $15.00 target price on shares of SemGroup in a report on Tuesday, May 28th.

SEMG traded up $0.02 during trading hours on Friday, hitting $11.79. The stock had a trading volume of 612,002 shares, compared to its average volume of 1,021,422. The firm’s fifty day simple moving average is $12.17. SemGroup has a 1 year low of $11.06 and a 1 year high of $26.78. The stock has a market capitalization of $961.71 million, a PE ratio of -62.05 and a beta of 1.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.30 and a current ratio of 1.39.

SemGroup (NYSE:SEMG) last announced its quarterly earnings data on Tuesday, May 7th. The pipeline company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.17). SemGroup had a positive return on equity of 2.28% and a negative net margin of 0.02%. The firm had revenue of $567.23 million during the quarter, compared to analysts’ expectations of $553.33 million. Analysts predict that SemGroup will post -0.82 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Weiss Asset Management LP bought a new stake in shares of SemGroup during the 1st quarter valued at about $156,000. Norges Bank bought a new stake in shares of SemGroup during the 4th quarter valued at about $7,003,000. BlackRock Inc. boosted its position in shares of SemGroup by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,621,465 shares of the pipeline company’s stock valued at $77,464,000 after acquiring an additional 178,897 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of SemGroup by 28.4% during the 4th quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock valued at $203,000 after acquiring an additional 3,258 shares during the last quarter. Finally, Viking Fund Management LLC boosted its position in shares of SemGroup by 5.9% during the 1st quarter. Viking Fund Management LLC now owns 323,000 shares of the pipeline company’s stock valued at $4,761,000 after acquiring an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About SemGroup

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Analyst Recommendations for SemGroup (NYSE:SEMG)

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