Semgroup Corporation (NYSE:SEMG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.86 by 7 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Morgan Stanley initiates coverage on Semgroup Corporation (NYSE:SEMG). Morgan Stanley has a Equal-weight rating on the shares. As per the latest report, the brokerage house announces the price target to $24 per share. The rating by the firm was issued on April 12, 2016.
Semgroup Corporation (NYSE:SEMG): 5 Analyst have given the stock of Semgroup Corporation (NYSE:SEMG) a near short term price target of $35.8. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $5.26. The higher price target estimate is at $42 while the lower price estimates are fixed at $28.
Semgroup Corporation (NYSE:SEMG) rose 1.61% or 0.49 points on Tuesday and made its way into the gainers of the day. After trading began at $30.26 the stock was seen hitting $30.88 as a peak level and $29 as the lowest level. The stock ended up at $30.85. The daily volume was measured at 1,249,538 shares. The 52-week high of the share price is $82.24 and the 52-week low is $13.98. The company has a market cap of $1,362 million.
Shares of SemGroup Corporation appreciated by 3.87% during the last five trading days but lost 0.77% on a 4-week basis. SemGroup Corporation is up 32.86% in the last 3-month period. Year-to-Date the stock performance stands at 6.9%.
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.