RBC Capital Thinks SemGroup’s Stock is Going to Recover

By Austin Angelo

In a report issued on August 27, Elvira Scotto from RBC Capital reiterated a Buy rating on SemGroup (NYSE: SEMG), with a price target of $33. The company’s shares closed yesterday at $24.60, close to its 52-week high of $43.20.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 18.8% and a 64.6% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, American Midstreampartners Lp, and Energy Transfer Partners LP.

SemGroup has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.

SemGroup’s market cap is currently $1.63B and has a P/E ratio of 820. The company has a book value ratio of 1.1600.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SEMG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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; SemGas; SemCAMS; SemLogistics and SemMexico. The Crude Transportation segment manages oil pipelines and truck transportation services.