In a report released today, Michael Blum from Wells Fargo maintained a Hold rating on SemGroup (NYSE: SEMG). The company’s shares opened today at $24.60.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 13.2% and a 63.0% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Energy Transfer Eq, and Kinder Morgan.
SemGroup has an analyst consensus of Hold, with a price target consensus of $27.
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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 net profit of $9.61 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.
