Analyst Views On Top Movers In Recent Trade: Veeco Instruments Inc. (VECO), SemGroup Corporation (SEMG)

Veeco Instruments Inc. (NASDAQ:VECO) notched a -1.19% intraday decline moving at $16.6. When the opening bell rang, the price was $16.9. The number of shares that were traded during the day was 0.41 million, which corresponds to its 3-month volume average of 0.56 million shares a day.

Veeco Instruments Inc. (VECO) Analyst Opinion

Veeco Instruments Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares currently sold short amount to at least 8.13% of shares outstanding. The stock sank -11.35% last month and is down -43.05 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover VECO having a buy-equivalent rating. Analysts have placed a $25.25 price target on Veeco Instruments Inc., suggesting a 52.11% gain from recent close. It’s currently trading about -51.71% below its 52-week high.

Veeco Instruments Inc. Earnings Surprise

Veeco Instruments Inc. (VECO) surprised the stock market in its last reported earnings when it earned $0.09 a piece versus the consensus-estimated $0.02. Its revenue totaled $134.91 million up 17.24% from the previous quarter.

Veeco Instruments Inc. (NASDAQ:VECO) Intraday View

This stock (VECO) is ahead of its 52-week low with 12.54%. Its last month’s stock price volatility remained 5.33% which for the week stands at 5.25%. The share price has moved backward from its 20 days moving average, trading at a distance of -0.6% and stays -13.91% away from its 50 days moving average. Over the last five days, shares have managed 7.1% gains and now is down -35.94% since hitting its 200-day moving average of $24.47. Veeco Instruments Inc. (VECO) has made its way to a 12-month decline of -36.52%.

Turning to SemGroup Corporation (NYSE:SEMG), its shares were trading at $23.2 a gain of $0.5, on the trading floor. The stock, after opening at $22.7, touched a high of $23.9 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. SemGroup Corporation has 1 buy ratings, 5 holds and 0 sells even after the stock tumbled -46.3% from its high of $43.20 to a $1.86 billion market value through last close.

SemGroup Corporation (SEMG) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.36 to 2.36 during a month. Analysts set a 12-month price target of $30.22 a share. The target implies a 30.26% spike from where the shares are currently trading. Also, the current price highlights a discount of 42.24% to analysts’ high consensus price target.

SemGroup Corporation (NYSE:SEMG) Intraday Trading

The counter witnessed a trading volume of 1.09 million shares versus an average volume of 0.87 million shares during last trading session. Its last month’s stock price volatility remained 5.3% which for the week approaches 4.33%. The lowest price the stock reached in the last trading day was $22.55 and compares with the $21.35 52-week low. The stock recovered 8.67% since its low point and has performed -44.43% year-to-date.

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