SemGroup Corp (SEMG) Expected to Post Earnings of $0.14 Per Share

Equities analysts forecast that SemGroup Corp (NYSE:SEMG) will announce earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup Corp’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.07. SemGroup Corp posted earnings of $0.18 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The business is expected to announce its next quarterly earnings report on Thursday, August 3rd.

On average, analysts expect that SemGroup Corp will report full year earnings of $1.40 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.70 per share, with EPS estimates ranging from $1.19 to $2.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for SemGroup Corp.

Several research firms have weighed in on SEMG. Royal Bank of Canada dropped their price objective on SemGroup Corp from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, May 10th. Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective on shares of SemGroup Corp in a report on Tuesday, February 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.18.

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SemGroup Corp (NYSE:SEMG) traded down 1.07% during midday trading on Friday, hitting $32.30. The stock had a trading volume of 295,220 shares. The firm’s 50-day moving average price is $33.85 and its 200 day moving average price is $36.60. The company has a market cap of $2.14 billion, a P/E ratio of 332.99 and a beta of 1.95. SemGroup Corp has a 12 month low of $27.35 and a 12 month high of $43.20.

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