SemGroup (SEMG) Gets a Sell Rating from Barclays


Barclays analyst Christine Cho, CFA maintained a Sell rating on SemGroup (SEMG) on July 16 and set a price target of $12. The company’s shares closed yesterday at $12.09, close to its 52-week low of $11.06.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 48.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Cheniere Energy Partners LP, and Dcp Midstream Partners Lp.

SemGroup has an analyst consensus of Moderate Sell, with a price target consensus of $13.50.

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Based on SemGroup’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.84 million. In comparison, last year the company had a GAAP net loss of $2.73 million.

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SemGroup Corp. engages in the transportation, storage, distribution, market and other midstream services. It offers services for end-users and consumers of crude oil, natural gas, natural gas liquids and refined products. It operates through the following segments: U.S. Liquids, U.S. Gas, Canada, and Corporate and Other.

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