SemGroup Corp (SEMG) is Resumed by Barclays to “Equal Weight”

SemGroup Corp (SEMG) was Resumed by Barclays to “Equal Weight” and the brokerage firm has set the Price Target at $43. Barclays advised their Clients and Investors in a research report released on Feb 21, 2017.

On the company’s financial health, SemGroup Corp reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.15. The company had revenue of $327.80 million for the quarter, compared to analysts expectations of $291.70 million. The company’s revenue was down -17.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Several company insiders have filed Insider transactions , on Jul 1, 2015, Robert N Fitzgerald (SVP and CFO) sold 3,500 shares at $79.46 per share price. According to the SEC, on Jun 15, 2015, Sarah Morrison Barpoulis (director) sold 590 shares at $77.81 per share price.

SemGroup Corp opened for trading at $39.7 and hit $40.15 on the upside on Friday, eventually ending the session at $40.05, with a gain of 0.38% or 0.15 points. The heightened volatility saw the trading volume jump to 5,63,973 shares. Company has a market cap of $2,647 M.

SemGroup Corporation is a provider of gathering transportation storage distribution marketing and other midstream services primarily to independent 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 also maintains and operates storage terminal and marine facilities at Milford Haven in the United Kingdom that enable customers to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico. The Company conducts its operations through six segments: Crude SemStream SemLogistics SemCAMS SemMexico and SemGas.

SemGroup Corp

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