Semgroup Corporation (NYSE:SEMG) had its price target decreased by investment analysts at Royal Bank Of Canada from $33.00 to $28.00 in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the pipeline company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 19.66% from the stock’s current price.
Several other brokerages have also commented on SEMG. Wells Fargo & Company lowered shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of Semgroup Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.60.
Semgroup Corporation (SEMG) opened at $23.40 on Tuesday. Semgroup Corporation has a 12 month low of $22.55 and a 12 month high of $43.20. The company has a market cap of $1,971.06, a price-to-earnings ratio of 19.88, a PEG ratio of 2.58 and a beta of 2.08. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.
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An institutional investor recently bought a new position in Semgroup Corporation stock. Granite Point Capital Management L.P. purchased a new stake in Semgroup Corporation (NYSE:SEMG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the pipeline company’s stock, valued at approximately $719,000. 92.28% of the stock is owned by institutional investors.
Semgroup Corporation Company Profile
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