Analyst Price Target Update on Semgroup Corporation (NYSE:SEMG)

Semgroup Corporation (NYSE:SEMG): According to 4 Analysts, The short term target price has been estimated at $ 34.75.The target price could deviate by a maximum of $4.79 from the forecast price. In the near term, the target price could hit a high of $39 and a low of $ 28.

Many analysts have stated their opinion on the company shares. Morgan Stanley initiates coverage on Semgroup Corporation (NYSE:SEMG) The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency announces the price target to $24 per share. The rating by the firm was issued on April 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director, of Semgroup Corp, Barpoulis Sarah Morrison had unloaded 590 shares at $77.81 per share in a transaction on June 10, 2015. The total value of transaction was $45,908. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Semgroup Corporation (NYSE:SEMG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.15 points or 3.69% at $30.02 with 824,525 shares getting traded. Post opening the session at $30.65, the shares hit an intraday low of $29.71 and an intraday high of $31.21 and the price was in this range throughout the day. The company has a market cap of $1,326 million and the number of outstanding shares have been calculated to be 44,162,390 shares. The 52-week high of Semgroup Corporation (NYSE:SEMG) is $82.24 and the 52-week low is $13.98.

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company also maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable customers to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico. The Company conducts its operations through six segments: Crude, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas.

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