Emerald Acquisition Ltd. purchased a new stake in SemGroup Corp (NASDAQ:SEMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,943 shares of the company’s stock, valued at approximately $2,017,000. Emerald Acquisition Ltd. owned approximately 0.14% of SemGroup Corp as of its most recent filing with the SEC.
Separately, Swiss National Bank raised its position in SemGroup Corp by 22.4% in the second quarter. Swiss National Bank now owns 86,441 shares of the company’s stock valued at $2,815,000 after buying an additional 15,841 shares in the last quarter.
SemGroup Corp (NASDAQ:SEMG) traded up 5.24% on Friday, reaching $35.34. The company’s stock had a trading volume of 879,737 shares. The company’s market cap is $1.87 billion. The stock’s 50 day moving average price is $32.21 and its 200 day moving average price is $29.60. SemGroup Corp has a 12 month low of $13.98 and a 12 month high of $55.54.
SemGroup Corp (NASDAQ:SEMG) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $287.40 million for the quarter, compared to analyst estimates of $353.91 million. The company’s revenue was down 23.8% compared to the same quarter last year. Equities research analysts forecast that SemGroup Corp will post ($0.01) earnings per share for the current year.
Several research firms have recently issued reports on SEMG. Zacks Investment Research lowered SemGroup Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. SunTrust Banks Inc. began coverage on SemGroup Corp in a research report on Tuesday, June 14th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Goldman Sachs Group Inc. began coverage on SemGroup Corp in a research report on Thursday, August 25th. They issued a “buy” rating and a $39.00 price target on the stock.
SemGroup Corp Company Profile
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