Analysts fell to the sidelines weighing in on SemGroup (NYSE:SEMG) and Summit Midstream (NYSE:SMLP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
SemGroup (SEMG)
In a report released today, Michael Blum from Wells Fargo maintained a Hold rating on SemGroup. The company’s shares closed on Friday at $21.90, close to its 52-week low of $20.20.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 12.8% and a 62.5% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Targa Resources Corp, and Energy Transfer Eq.
Currently, the analyst consensus on SemGroup is a Moderate Buy with an average price target of $27.
See today’s analyst top recommended stocks >>
Summit Midstream (SMLP)
Wells Fargo analyst Praneeth Satish maintained a Hold rating on Summit Midstream today. The company’s shares closed on Friday at $16.05.
According to TipRanks.com, Satish is ranked #4435 out of 4880 analysts.
Summit Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.
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