SemGroup Corp (SEMG) is Initiated by Goldman to Buy, Price Target at $39

SemGroup Corp (SEMG) was Initiated by Goldman to “Buy” and the brokerage firm has set the Price Target at $39. Goldman advised their investors in a research report released on Aug 25, 2016.

Many Wall Street Analysts have commented on SemGroup Corp. SemGroup Corp was Initiated by SunTrust to “Buy” on Jun 15, 2016.

On the company’s financial health, SemGroup Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12. The company had revenue of $287.40 million for the quarter, compared to analysts expectations of $351.15 million. The company’s revenue was down -23.8 % compared to the same quarter last year.

SemGroup Corp opened for trading at $30.94 and hit $31.6401 on the upside on Tuesday, eventually ending the session at $31.4, with a gain of 0.77% or 0.24 points. The heightened volatility saw the trading volume jump to 5,81,988 shares. Company has a market cap of $1,658 M.

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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