Brokerages Anticipate SemGroup Corp (SEMG) to Post $0.01 EPS

Wall Street brokerages expect SemGroup Corp (NYSE:SEMG) to announce earnings of $0.01 per share for the current quarter, according to Zacks. Two analysts have made estimates for SemGroup’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.03. SemGroup reported earnings of $0.15 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 93.3%. The firm is expected to report its next earnings report after the market closes on Wednesday, August 8th.

On average, analysts expect that SemGroup will report full-year earnings of ($0.09) per share for the current financial year, with EPS estimates ranging from ($0.38) to $0.21. For the next financial year, analysts expect that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.16 to $1.66. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover SemGroup.

SemGroup (NYSE:SEMG) last released its earnings results on Tuesday, May 8th. The pipeline company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.55). SemGroup had a positive return on equity of 2.17% and a negative net margin of 1.74%. The business had revenue of $661.61 million for the quarter, compared to analyst estimates of $570.99 million. During the same period in the prior year, the business earned ($0.16) EPS. The company’s revenue for the quarter was up 45.1% on a year-over-year basis.

Several equities research analysts recently commented on SEMG shares. ValuEngine cut SemGroup from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised SemGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 26th. Capital One Financial reaffirmed an “equal weight” rating on shares of SemGroup in a research note on Thursday, June 28th. Wells Fargo & Co lowered SemGroup from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $30.95 to $20.20 in a report on Sunday, June 10th. Finally, Barclays cut their price target on SemGroup from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. SemGroup has an average rating of “Hold” and an average price target of $26.80.

A number of large investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of SemGroup in the second quarter valued at approximately $36,753,000. Summit Trail Advisors LLC lifted its holdings in shares of SemGroup by 2,365.6% in the first quarter. Summit Trail Advisors LLC now owns 1,480,566 shares of the pipeline company’s stock valued at $1,481,000 after purchasing an additional 1,420,516 shares in the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of SemGroup by 233.5% in the first quarter. Brookfield Asset Management Inc. now owns 1,968,404 shares of the pipeline company’s stock valued at $42,124,000 after purchasing an additional 1,378,167 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of SemGroup by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,763,969 shares of the pipeline company’s stock valued at $123,349,000 after purchasing an additional 704,493 shares in the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in shares of SemGroup by 17.3% in the first quarter. Atlantic Trust Group LLC now owns 3,667,254 shares of the pipeline company’s stock valued at $78,479,000 after purchasing an additional 540,016 shares in the last quarter.

SemGroup opened at $25.65 on Friday, according to Marketbeat.com. SemGroup has a one year low of $20.20 and a one year high of $30.95. The company has a market cap of $2.05 billion, a P/E ratio of -106.88, a price-to-earnings-growth ratio of 113.29 and a beta of 1.90. The company has a quick ratio of 1.34, a current ratio of 1.46 and a debt-to-equity ratio of 1.69.

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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