In a report released yesterday, Michael Blum from Wells Fargo maintained a Hold rating on SemGroup (SEMG). The company’s shares closed yesterday at $18, close to its 52-week low of $17.97.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 10.0% and a 56.0% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and Targa Resources Corp.
SemGroup has an analyst consensus of Hold, with a price target consensus of $22.33.
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Based on SemGroup’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $8.46 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.
