SemGroup Corp (NYSE:SEMG) hit a new 52-week low on Thursday . The stock traded as low as $15.27 and last traded at $15.30, with a volume of 58431 shares traded. The stock had previously closed at $16.27.
Several equities research analysts have recently weighed in on SEMG shares. Barclays reaffirmed a “hold” rating and issued a $25.00 target price on shares of SemGroup in a research report on Friday, October 12th. Wells Fargo & Co reaffirmed a “hold” rating on shares of SemGroup in a research report on Wednesday, September 12th. Goldman Sachs Group downgraded SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine downgraded SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Royal Bank of Canada decreased their target price on SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.40.
The firm has a market cap of $1.25 billion, a P/E ratio of -67.42 and a beta of 1.87. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 1.68.
SemGroup (NYSE:SEMG) last issued its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The business had revenue of $634.00 million during the quarter, compared to analysts’ expectations of $586.71 million. SemGroup had a negative net margin of 0.99% and a positive return on equity of 0.32%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.25) EPS. As a group, analysts anticipate that SemGroup Corp will post -0.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Friday, November 16th were issued a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend was Thursday, November 15th. SemGroup’s dividend payout ratio is currently -787.50%.
In other news, Director William J. Mcadam acquired 15,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were purchased at an average price of $16.57 per share, for a total transaction of $248,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. MA raised its stake in SemGroup by 11.6% during the third quarter. Congress Asset Management Co. MA now owns 26,453 shares of the pipeline company’s stock valued at $583,000 after buying an additional 2,755 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SemGroup by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 224,040 shares of the pipeline company’s stock valued at $4,940,000 after buying an additional 3,103 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in SemGroup by 69.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock valued at $193,000 after buying an additional 3,589 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in SemGroup by 2.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 158,050 shares of the pipeline company’s stock valued at $4,014,000 after buying an additional 3,835 shares in the last quarter. Finally, Highland Capital Management LP raised its stake in SemGroup by 2.3% during the second quarter. Highland Capital Management LP now owns 174,439 shares of the pipeline company’s stock valued at $4,431,000 after buying an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.
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About SemGroup (NYSE:SEMG)
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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