SemGroup Corp (NYSE:SEMG) saw unusually large options trading on Monday. Traders acquired 1,039 call options on the stock. This represents an increase of approximately 1,067% compared to the average daily volume of 89 call options.
Several research analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating and set a $29.00 price target (down previously from $31.00) on shares of SemGroup in a research note on Friday, March 2nd. Zacks Investment Research cut SemGroup from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. ValuEngine cut SemGroup from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Royal Bank of Canada dropped their price objective on SemGroup to $29.00 and set an “outperform” rating on the stock in a report on Thursday, March 1st. Finally, Citigroup dropped their price objective on SemGroup from $34.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.63.
In other news, Director William J. Mcadam purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the purchase, the director now owns 4,077 shares of the company’s stock, valued at $92,670.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.
Shares of SemGroup (NYSE:SEMG) opened at $22.65 on Wednesday. The stock has a market capitalization of $1,830.00, a PE ratio of 2,265.00, a P/E/G ratio of 13.25 and a beta of 1.98. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.05 and a current ratio of 1.18. SemGroup has a 1-year low of $20.95 and a 1-year high of $36.65.
SemGroup (NYSE:SEMG) last issued its quarterly earnings data on Monday, February 26th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $606.80 million for the quarter, compared to analysts’ expectations of $560.34 million. SemGroup had a positive return on equity of 5.14% and a negative net margin of 0.82%. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. analysts expect that SemGroup will post 0.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be issued a $0.4725 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.89 annualized dividend and a dividend yield of 8.34%. This is a boost from SemGroup’s previous quarterly dividend of $0.45. SemGroup’s dividend payout ratio (DPR) is presently 18,900.00%.
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SemGroup Company Profile
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to 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’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
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