$0.10 EPS Expected for SemGroup Corp (SEMG) This Quarter

Equities research analysts expect SemGroup Corp (NYSE:SEMG) to announce $0.10 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for SemGroup’s earnings, with estimates ranging from $0.03 to $0.18. SemGroup reported earnings of $0.03 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 233.3%. The company is expected to report its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that SemGroup will report full year earnings of ($0.48) per share for the current fiscal year, with EPS estimates ranging from ($0.56) to ($0.39). For the next year, analysts forecast that the company will post earnings of $0.61 per share, with EPS estimates ranging from ($0.06) to $1.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SemGroup.

SemGroup (NYSE:SEMG) last announced its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The business had revenue of $634.00 million during the quarter, compared to analyst estimates of $586.71 million. SemGroup had a negative net margin of 0.99% and a positive return on equity of 0.32%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.25) EPS.

A number of brokerages recently weighed in on SEMG. Morgan Stanley dropped their price objective on shares of SemGroup from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Zacks Investment Research restated a “hold” rating and issued a $22.00 price objective on shares of SemGroup in a report on Thursday, November 15th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a report on Tuesday, November 13th. ValuEngine downgraded shares of SemGroup from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Finally, Barclays reiterated a “hold” rating and issued a $25.00 price target on shares of SemGroup in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.40.

Shares of SEMG stock traded down $0.68 during trading on Wednesday, reaching $16.27. The company’s stock had a trading volume of 1,413,687 shares, compared to its average volume of 939,755. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.10 and a current ratio of 1.17. The stock has a market capitalization of $1.28 billion, a P/E ratio of -67.79 and a beta of 1.87. SemGroup has a 1-year low of $15.46 and a 1-year high of $30.95.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Friday, November 16th were paid a $0.4725 dividend. The ex-dividend date was Thursday, November 15th. This represents a $1.89 dividend on an annualized basis and a yield of 11.62%. SemGroup’s dividend payout ratio is currently -787.50%.

In other news, Director William J. Mcadam purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of $16.57 per share, for a total transaction of $248,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of SemGroup during the 2nd quarter worth approximately $165,000. Public Employees Retirement Association of Colorado lifted its position in shares of SemGroup by 69.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock worth $193,000 after buying an additional 3,589 shares during the last quarter. Global Financial Private Capital LLC purchased a new stake in shares of SemGroup during the 2nd quarter worth approximately $228,000. Private Advisor Group LLC purchased a new stake in shares of SemGroup during the 3rd quarter worth approximately $212,000. Finally, Amalgamated Bank purchased a new stake in shares of SemGroup during the 2nd quarter worth approximately $274,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

About SemGroup

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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