Semgroup Corporation (SEMG) PT Set at $29.00 by SunTrust Banks, Inc.

Semgroup Corporation (NYSE:SEMG) has been assigned a $29.00 price target by equities research analysts at SunTrust Banks, Inc. in a research report issued on Friday. The brokerage currently has a “buy” rating on the pipeline company’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 26.91% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price objective on shares of Semgroup Corporation in a report on Monday, July 24th. BidaskClub raised shares of Semgroup Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Semgroup Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Semgroup Corporation currently has a consensus rating of “Hold” and a consensus target price of $33.17.

Semgroup Corporation (NYSE SEMG) opened at $22.85 on Friday. The company has a market cap of $1,841.22, a PE ratio of 18.57, a PEG ratio of 2.41 and a beta of 2.08. Semgroup Corporation has a 1-year low of $22.55 and a 1-year high of $43.20. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78.

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Institutional investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Semgroup Corporation during the 2nd quarter worth about $346,000. Century Capital Management LLC acquired a new stake in shares of Semgroup Corporation during the 2nd quarter worth about $651,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Semgroup Corporation by 72.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the pipeline company’s stock valued at $29,577,000 after acquiring an additional 460,800 shares in the last quarter. Legal & General Group Plc increased its position in Semgroup Corporation by 16.2% in the 2nd quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock valued at $1,733,000 after acquiring an additional 8,937 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Semgroup Corporation by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock valued at $9,421,000 after acquiring an additional 21,574 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Semgroup Corporation Company Profile

Analyst Recommendations for Semgroup Corporation (NYSE:SEMG)

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