Semgroup Corporation (NYSE:SEMG) issued its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04, Morningstar.com reports. Semgroup Corporation had a return on equity of 3.46% and a net margin of 0.24%. The company had revenue of $473 million for the quarter, compared to analyst estimates of $387.50 million. During the same period last year, the company earned $0.18 earnings per share. Semgroup Corporation’s quarterly revenue was up 64.6% compared to the same quarter last year.
Semgroup Corporation (NYSE:SEMG) traded up 1.74% during midday trading on Friday, reaching $23.35. The company’s stock had a trading volume of 884,362 shares. The company has a 50 day moving average price of $25.59 and a 200 day moving average price of $31.49. Semgroup Corporation has a 1-year low of $22.55 and a 1-year high of $43.20. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 231.19 and a beta of 2.03.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a yield of 7.71%. Semgroup Corporation’s dividend payout ratio is currently 6,000.00%.
In other Semgroup Corporation news, Director Sarah Morrison Barpoulis sold 1,470 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $31.45, for a total value of $46,231.50. Following the transaction, the director now directly owns 13,130 shares of the company’s stock, valued at $412,938.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Mcadam acquired 15,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 4,077 shares of the company’s stock, valued at $114,156. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 22,324 shares of company stock worth $611,777. Corporate insiders own 0.77% of the company’s stock.
SEMG has been the topic of several research analyst reports. BidaskClub raised Semgroup Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Barclays PLC set a $36.00 target price on Semgroup Corporation and gave the company a “hold” rating in a research report on Saturday, May 6th. Morgan Stanley decreased their target price on Semgroup Corporation from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $41.00 target price (down previously from $42.00) on shares of Semgroup Corporation in a research report on Tuesday, May 9th. Finally, Zacks Investment Research downgraded Semgroup Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.43.
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