Semgroup Reaches New 52-Week High (SEMG)

NEW YORK ( TheStreet) -- Semgroup (NYSE: SEMG) hit a new 52-week high Wednesday as it is currently trading at $30.56, above its previous 52-week high of $30.13 with 24,369 shares traded as of 9:35 a.m. ET. Average volume has been 299,700 shares over the past 30 days.

Semgroup has a market cap of $1.23 billion and is part of the basic materials sector and energy industry. Shares are up 14.7% year to date as of the close of trading on Tuesday.

SemGroup Corporation, through its subsidiaries, engages in moving energy products from wellheads to the wholesale marketplace through a network of pipelines, terminals, and storage tanks in the United States, Canada, Mexico, and the United Kingdom.

TheStreet Ratings rates Semgroup as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Semgroup Ratings Report.

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