Barclays Maintains a Hold Rating on SemGroup (SEMG)
Barclays analyst Christine Cho maintained a Hold rating on SemGroup (NYSE: SEMG) today and set a price target of $25. The company’s shares closed yesterday at $20.69, close to its 52-week low of $20.20.
According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 47.2% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and EnLink Midstream Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for SemGroup with a $24 average price target.
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Based on SemGroup’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.73 million. In comparison, last year the company had a GAAP net loss of $19.1 million.
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SemGroup Corp. engages in gathering, transporting, and trading of petroleum products. It operates through the following segments: Crude Transportation; Crude Facilities; Crude Supply and Logistics; HFOTCO; SemGas; and SemCAMS. The Crude Transportation segment manages oil pipelines and truck transportation services.