Semgroup Corporation (SEMG) : The consensus on Semgroup Corporation (SEMG) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Semgroup Corporation (SEMG) : The consensus price target for Semgroup Corporation (SEMG) is $36.8 for the short term with a standard deviation of $3.63. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $42, however, the pessimist price target for the company is $33.
For the current week, the company shares have a recommendation consensus of Buy.
Semgroup Corporation (NYSE:SEMG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.81 and $28.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.66, notching a gain of 7.50% for the day. The total traded volume was 916,119 . The stock had closed at $28.52 on the previous day.
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.