Analyst Rating Update on Semgroup Corporation (SEMG)

Semgroup Corporation (NYSE:SEMG) : The consensus on Semgroup Corporation (NYSE: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 3 which endorses a Hold 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 (NYSE:SEMG) stock is expected to deviate a maximum of $5.26 from the average target price of $35.8 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $28.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley initiates coverage on Semgroup Corporation (NYSE:SEMG). In the latest research report, Morgan Stanley announces the target price to $24 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on April 12, 2016.

Semgroup Corporation (NYSE:SEMG): stock turned positive on Tuesday. Though the stock opened at $30.36, the bulls momentum made the stock top out at $32.465 level for the day. The stock recorded a low of $30.275 and closed the trading day at $31.62, in the green by 7.81%. The total traded volume for the day was 1,176,054. The stock had closed at $29.33 in the previous days trading.

In an insider trading activity,The director of Semgroup Corp, Barpoulis Sarah Morrison sold 590 shares at $77.81 on June 10, 2015. The Insider selling transaction had a total value worth of $45,908. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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