Brokerages Set Semgroup Corporation (SEMG) Target Price at $34.60
Semgroup Corporation (NYSE:SEMG) has received an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $34.60.
SEMG has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $39.00) on shares of Semgroup Corporation in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Semgroup Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $33.00 target price on shares of Semgroup Corporation in a report on Monday, July 24th. Wells Fargo & Company lowered shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Finally, BidaskClub upgraded shares of Semgroup Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.
Semgroup Corporation (NYSE SEMG) traded up 1.23% during midday trading on Monday, reaching $28.70. The company’s stock had a trading volume of 724,072 shares. Semgroup Corporation has a 52 week low of $22.55 and a 52 week high of $43.20. The firm has a market capitalization of $2.26 billion, a P/E ratio of 284.16 and a beta of 2.04. The company’s 50-day moving average is $26.38 and its 200 day moving average is $28.94.
Semgroup Corporation (NYSE:SEMG) last issued its earnings results on Monday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Semgroup Corporation had a net margin of 0.24% and a return on equity of 3.46%. The company had revenue of $473.00 million during the quarter, compared to analysts’ expectations of $387.50 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 64.6% compared to the same quarter last year. Analysts expect that Semgroup Corporation will post $0.78 earnings per share for the current fiscal year.
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Semgroup Corporation Company Profile
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