Shares of SemGroup Energy Partners, L.P. (NYSE:SEMG) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.57.
A number of brokerages have recently issued reports on SEMG. Zacks Investment Research raised shares of SemGroup Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays reaffirmed a “hold” rating and issued a $28.00 price objective on shares of SemGroup Energy Partners in a research report on Friday, January 19th. Citigroup cut their price objective on shares of SemGroup Energy Partners from $34.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Goldman Sachs downgraded shares of SemGroup Energy Partners from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research report on Friday, January 5th. Finally, US Capital Advisors downgraded shares of SemGroup Energy Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th.
Shares of SemGroup Energy Partners stock traded down $0.05 on Monday, reaching $21.35. The stock had a trading volume of 937,441 shares, compared to its average volume of 1,116,299. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. SemGroup Energy Partners has a 1 year low of $20.20 and a 1 year high of $36.65. The company has a market cap of $1,683.60, a P/E ratio of -89.17, a PEG ratio of 8.80 and a beta of 1.89.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were given a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend was Thursday, March 8th. This is an increase from SemGroup Energy Partners’s previous quarterly dividend of $0.45. SemGroup Energy Partners’s payout ratio is currently -787.50%.
In related news, Director William J. Mcadam bought 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $22.73 per share, with a total value of $227,300.00. Following the transaction, the director now owns 4,077 shares in the company, valued at $92,670.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in SemGroup Energy Partners by 1,087.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the pipeline company’s stock worth $143,000 after purchasing an additional 4,350 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in SemGroup Energy Partners during the 4th quarter worth approximately $156,000. Capital Innovations LLC purchased a new stake in SemGroup Energy Partners during the 4th quarter worth approximately $219,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in SemGroup Energy Partners during the 3rd quarter worth approximately $221,000. Finally, Fox Run Management L.L.C. purchased a new stake in SemGroup Energy Partners during the 4th quarter worth approximately $228,000.
SemGroup Energy Partners Company Profile
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
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