SemGroup Corp (SEMG) is Initiated by SunTrust to Buy

SemGroup Corp (SEMG) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on SemGroup Corp. SemGroup Corp was Initiated by SunTrust to “Buy” on Jun 15, 2016. Company shares were Reiterated by RBC Capital Mkts on May 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 39 from a previous price target of $30 .

On the company’s financial health, SemGroup Corp reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.58 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.23. The company had revenue of $314.90 million for the quarter, compared to analysts expectations of $386.64 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

SemGroup Corp closed down -0.32 points or -1.07% at $29.7 with 8,59,338 shares getting traded on Tuesday. Post opening the session at $29.74, the shares hit an intraday low of $28.95 and an intraday high of $30.36 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 1, 2015, Robert N Fitzgerald (SVP and CFO) sold 3,500 shares at $79.46 per share price. According to the SEC, 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.

SemGroup Corp

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