SunTrust Banks, Inc. Analysts Give Semgroup Corporation (SEMG) a $29.00 Price Target

SunTrust Banks, Inc. set a $29.00 price objective on Semgroup Corporation (NYSE:SEMG) in a report issued on Thursday morning. The firm currently has a buy rating on the pipeline company’s stock. SunTrust Banks also issued estimates for Semgroup Corporation’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.36) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $1.03 EPS.

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada reiterated a buy rating and set a $33.00 target price on shares of Semgroup Corporation in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Semgroup Corporation from a buy rating to a hold rating in a research note on Thursday, July 27th. BidaskClub upgraded shares of Semgroup Corporation from a hold rating to a buy rating in a research note on Monday, September 18th. Finally, Barclays PLC reiterated a hold rating and set a $32.00 target price on shares of Semgroup Corporation in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Semgroup Corporation presently has a consensus rating of Hold and a consensus target price of $31.50.

Semgroup Corporation (SEMG) opened at $22.50 on Thursday. The company has a market cap of $1,770.41, a price-to-earnings ratio of 17.86 and a beta of 2.08. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. Semgroup Corporation has a 12 month low of $21.35 and a 12 month high of $43.20.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.80 dividend on an annualized basis and a yield of 8.00%. Semgroup Corporation’s dividend payout ratio (DPR) is presently -2,250.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Advisors LLC lifted its position in Semgroup Corporation by 25.2% in the third quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock valued at $213,608,000 after acquiring an additional 1,496,078 shares during the last quarter. Chickasaw Capital Management LLC lifted its position in Semgroup Corporation by 5.5% in the second quarter. Chickasaw Capital Management LLC now owns 6,723,884 shares of the pipeline company’s stock valued at $181,545,000 after acquiring an additional 350,483 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Semgroup Corporation by 16.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after acquiring an additional 667,217 shares during the last quarter. BlackRock Inc. lifted its position in Semgroup Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 4,124,951 shares of the pipeline company’s stock valued at $111,372,000 after acquiring an additional 25,231 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its position in Semgroup Corporation by 15.9% in the second quarter. Eagle Global Advisors LLC now owns 3,266,364 shares of the pipeline company’s stock valued at $88,192,000 after acquiring an additional 448,437 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Semgroup Corporation Company Profile

Analyst Recommendations for Semgroup Corporation (NYSE:SEMG)

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