Equities Analysts Set Expectations for SemGroup Corp’s FY2018 Earnings (SEMG)

SemGroup Corp (NYSE:SEMG) – Investment analysts at US Capital Advisors upped their FY2018 earnings per share estimates for shares of SemGroup in a research report issued to clients and investors on Wednesday, October 17th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of ($0.20) per share for the year, up from their prior forecast of ($0.21). US Capital Advisors also issued estimates for SemGroup’s Q4 2018 earnings at $0.03 EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.01 EPS.

SemGroup (NYSE:SEMG) last posted its quarterly earnings data on Wednesday, August 8th. The pipeline company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.12). SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The firm had revenue of $595.80 million for the quarter, compared to the consensus estimate of $602.06 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue was up 26.0% on a year-over-year basis.

A number of other research analysts have also recently weighed in on the stock. Barclays reiterated a “hold” rating and set a $25.00 price objective on shares of SemGroup in a research report on Friday, October 12th. Zacks Investment Research upgraded shares of SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, October 9th. Goldman Sachs Group cut shares of SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Wells Fargo & Co cut their price target on shares of SemGroup from $27.00 to $24.00 and set a “market perform” rating on the stock in a report on Monday, September 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.90.

SEMG stock opened at $21.09 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. SemGroup has a twelve month low of $20.20 and a twelve month high of $30.95. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -87.88, a PEG ratio of 60.71 and a beta of 1.88.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Chickasaw Capital Management LLC grew its holdings in SemGroup by 4.2% during the 2nd quarter. Chickasaw Capital Management LLC now owns 8,920,224 shares of the pipeline company’s stock worth $226,574,000 after acquiring an additional 361,462 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in SemGroup by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,280,734 shares of the pipeline company’s stock worth $159,530,000 after acquiring an additional 516,765 shares in the last quarter. BlackRock Inc. grew its holdings in SemGroup by 20.9% during the 2nd quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock worth $140,363,000 after acquiring an additional 953,465 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in SemGroup by 14.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,681,697 shares of the pipeline company’s stock worth $93,515,000 after acquiring an additional 471,309 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in SemGroup by 13.3% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 2,287,628 shares of the pipeline company’s stock worth $58,093,000 after acquiring an additional 267,700 shares in the last quarter.

SemGroup Company Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.

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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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