Semgroup Corporation (NYSE:SEMG) received a $29.00 price objective from equities researchers at SunTrust Banks, Inc. in a research note issued on Thursday. The firm currently has a “buy” rating on the pipeline company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 29.46% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Semgroup Corporation from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research report on Friday, July 21st. BidaskClub cut shares of Semgroup Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $33.00 price target on shares of Semgroup Corporation in a research note on Monday, July 24th. Finally, Barclays PLC reiterated a “hold” rating and issued a $32.00 price target on shares of Semgroup Corporation in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Semgroup Corporation has an average rating of “Hold” and an average target price of $32.00.
Semgroup Corporation (NYSE SEMG) opened at $22.40 on Thursday. The firm has a market cap of $1,780.00, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.41 and a beta of 2.05. Semgroup Corporation has a 12-month low of $22.15 and a 12-month high of $43.20. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01.
A number of large investors have recently added to or reduced their stakes in the stock. Caxton Associates LP bought a new position in Semgroup Corporation during the third quarter worth about $2,219,000. Keeley Teton Advisors LLC increased its position in Semgroup Corporation by 13.8% during the third quarter. Keeley Teton Advisors LLC now owns 81,062 shares of the pipeline company’s stock worth $2,331,000 after acquiring an additional 9,852 shares during the period. Granite Point Capital Management L.P. bought a new position in Semgroup Corporation in the 3rd quarter valued at about $719,000. Dimensional Fund Advisors LP increased its holdings in Semgroup Corporation by 16.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after buying an additional 667,217 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Semgroup Corporation by 17.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 409,289 shares of the pipeline company’s stock valued at $11,768,000 after buying an additional 60,367 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.
About Semgroup Corporation
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