Morgan Stanley analyst Tom Abrams maintained a Hold rating on SemGroup (SEMG) today and set a price target of $24. The company’s shares closed on Friday at $16.23, close to its 52-week low of $15.46.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Oasis Midstream Partners Lp, Hess Midstream Partners Lp, and EnLink Midstream Partners.
Currently, the analyst consensus on SemGroup is a Hold with an average price target of $23.
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The company has a one-year high of $30.95 and a one-year low of $15.46. Currently, SemGroup has an average volume of 799.1K.
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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.
