Shares of SemGroup Corp (NASDAQ:SEMG) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the stock. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.25.
A number of brokerages have recently weighed in on SEMG. Citigroup Inc. began coverage on SemGroup Corp in a research note on Thursday, November 3rd. They set a “neutral” rating and a $34.00 target price on the stock. Zacks Investment Research upgraded SemGroup Corp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Thursday, January 19th.
SemGroup Corp (NASDAQ:SEMG) opened at 40.10 on Thursday. The firm’s market cap is $2.65 billion. The firm has a 50-day moving average price of $40.86 and a 200-day moving average price of $35.32. SemGroup Corp has a 1-year low of $15.51 and a 1-year high of $43.20.
A number of institutional investors have recently bought and sold shares of SEMG. Chickasaw Capital Management LLC raised its position in SemGroup Corp by 45.4% in the second quarter. Chickasaw Capital Management LLC now owns 6,131,877 shares of the company’s stock worth $199,654,000 after buying an additional 1,913,205 shares during the period. Eagle Global Advisors LLC raised its position in SemGroup Corp by 71.3% in the third quarter. Eagle Global Advisors LLC now owns 2,393,194 shares of the company’s stock worth $84,623,000 after buying an additional 996,487 shares during the period. Kayne Anderson Capital Advisors LP raised its position in SemGroup Corp by 63.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,838,009 shares of the company’s stock worth $64,977,000 after buying an additional 716,009 shares during the period. Cohen & Steers Inc. raised its position in SemGroup Corp by 446.6% in the second quarter. Cohen & Steers Inc. now owns 870,337 shares of the company’s stock worth $28,338,000 after buying an additional 711,117 shares during the period. Finally, Systematic Financial Management LP bought a new position in SemGroup Corp during the fourth quarter worth approximately $28,224,000.
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About SemGroup Corp
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