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A statement released earlier today by RBC Capital Markets about Semgroup Corp (NYSE:SEMG) bumps down the target price to $28.00

RBC Capital Markets bumped down the target of Semgroup Corp (NYSE:SEMG) to $28.00 stating a potential upside of 0.21%.

Boasting a price of $23.17, Semgroup Corp (NYSE:SEMG) traded 0.00% even on the day. With the last close down -0.80% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Semgroup Corp has recorded a 50-day average of $26.09 and a two hundred day average of $28.98. Volume of trade was down over the average, with 672,662 shares of SEMG changing hands under the typical 932,236

Performance Chart

Semgroup Corp (NYSE:SEMG)

With a total market value of $0, Semgroup Corp has price-earnings ratio of 284.65 with a one year low of $22.55 and a one year high of $43.20 .

A total of 8 brokers have released a report on Semgroup Corp. One brokerage rating the company a strong buy, six brokerages rating the company a buy, two equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $31.13.

About Semgroup Corp (NYSE:SEMG)

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company's segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

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