Shares of Semgroup Corporation (NYSE:SEMG) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.00.
A number of equities research analysts recently issued reports on SEMG shares. BidaskClub downgraded shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company downgraded shares of Semgroup Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Royal Bank Of Canada decreased their price target on shares of Semgroup Corporation from $41.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, June 22nd. Morgan Stanley decreased their price target on shares of Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 21st. Finally, Barclays PLC downgraded shares of Semgroup Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $36.00 to $32.00 in a research note on Wednesday, June 14th.
Shares of Semgroup Corporation (NYSE:SEMG) opened at 23.75 on Friday. Semgroup Corporation has a 52-week low of $22.55 and a 52-week high of $43.20. The stock has a market cap of $1.87 billion, a PE ratio of 235.15 and a beta of 2.03. The stock’s 50 day moving average is $25.96 and its 200 day moving average is $32.12.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Friday, August 18th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Wednesday, August 16th. Semgroup Corporation’s dividend payout ratio is currently 6,000.00%.
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About Semgroup Corporation
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