Morgan Stanley Initiates Coverage on SemGroup Corp to Equal-weight

Morgan Stanley Initiates Coverage on SemGroup Corp(NYSE:SEMG). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Apr 12, 2016.

In a different note, On Feb 29, 2016, Barclays said it Maintains its rating on SemGroup Corp. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Overweight’ by the firm.

SemGroup Corp (SEMG) shares turned negative on Fridays trading session with the shares closing down -0.71 points or -2.84% at a volume of 3,92,557. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.95. The peak price level was also seen at $24.95 while the days lowest was $24.05. Finally the shares closed at $24.32. The 52-week high of the shares is $86.99 while the 52-week low is $13.98. According to the latest information available, the market cap of the company is $1,068 M.

SemGroup Corp(SEMG) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $382.49M. Analysts had an estimated revenue of $437.79M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2015, Robert N Fitzgerald (SVP and CFO) sold 3,500 shares at $79.46 per share price.Also, On Jun 15, 2015, Sarah Morrison Barpoulis (director) sold 590 shares at $77.81 per share price.

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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