BidaskClub upgraded shares of SemGroup Corp (NASDAQ:SEMG) from a sell rating to a hold rating in a report issued on Friday.
Separately, Royal Bank Of Canada reiterated a buy rating and issued a $33.00 price objective on shares of SemGroup Corp in a report on Tuesday, August 29th.
SemGroup Corp (SEMG) opened at 25.95 on Friday. SemGroup Corp has a 52 week low of $22.55 and a 52 week high of $43.20. The company’s 50-day moving average price is $25.15 and its 200-day moving average price is $29.78. The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 256.93.
ILLEGAL ACTIVITY NOTICE: “SemGroup Corp (SEMG) Upgraded to “Hold” at BidaskClub” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/09/12/semgroup-corp-semg-upgraded-to-hold-at-bidaskclub.html.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.94%. The ex-dividend date was Wednesday, August 16th.
Hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC acquired a new stake in SemGroup Corp in the 2nd quarter worth about $119,000. Amalgamated Bank boosted its holdings in SemGroup Corp by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the company’s stock worth $226,000 after buying an additional 65 shares during the last quarter. Trexquant Investment LP acquired a new stake in SemGroup Corp in the 2nd quarter worth about $227,000. Karp Capital Management Corp acquired a new stake in SemGroup Corp in the 1st quarter worth about $233,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in SemGroup Corp by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the company’s stock worth $246,000 after buying an additional 7,684 shares during the last quarter.
About SemGroup Corp
Receive News & Ratings for SemGroup Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup Corp and related companies with MarketBeat.com's FREE daily email newsletter.