Semgroup Corporation (SEMG) Receives Analyst Rating

Semgroup Corporation (SEMG) : Zacks Investment Research ranks Semgroup Corporation (SEMG) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.75, which indicates as a Buy.

Semgroup Corporation (SEMG) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $35. The average forecast of all the analysts is $37 and the expected standard deviation is $1.9.


Also, Goldman Sachs initiates coverage on Semgroup Corporation (NYSE:SEMG) In a research note issued to the investors, the brokerage major announces price-target of $39 per share.The shares have been rated Buy. The rating by the firm was issued on August 24, 2016.

Semgroup Corporation (NYSE:SEMG): After opening at $33.23, the stock dipped to an intraday low of $33.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.82 and the buying power remained strong till the end. The stock closed at $33.26 for the day, a gain of 0.21% for the day session. The total traded volume was 509,357. The stocks close on the previous trading day was $33.19.

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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