$0.08 Earnings Per Share Expected for SemGroup Corp (SEMG) This Quarter

Equities analysts expect SemGroup Corp (NYSE:SEMG) to post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings, with estimates ranging from ($0.02) to $0.18. SemGroup posted earnings per share of $0.03 during the same quarter last year, which suggests a positive year-over-year growth rate of 166.7%. The company is expected to announce its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that SemGroup will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.59) to ($0.39). For the next year, analysts forecast that the company will report earnings of $0.43 per share, with EPS estimates ranging from ($0.32) to $1.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow 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 company had revenue of $634.00 million for the quarter, compared to analysts’ expectations of $586.71 million. SemGroup had a negative net margin of 0.99% and a positive return on equity of 0.32%. SemGroup’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) earnings per share.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. Barclays restated a “hold” rating and set a $25.00 target price on shares of SemGroup in a research report on Friday, October 12th. Wells Fargo & Co decreased their target price on shares of SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, September 24th. Goldman Sachs Group upgraded shares of SemGroup from a “sell” rating to a “neutral” rating in a research report on Wednesday, January 2nd. Finally, Morgan Stanley decreased their target price on shares of SemGroup from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.78.

In other news, Director William J. Mcadam acquired 15,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $16.57 per share, for a total transaction of $248,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

Several institutional investors have recently modified their holdings of SEMG. SG Americas Securities LLC acquired a new position in shares of SemGroup in the second quarter worth about $165,000. Public Employees Retirement Association of Colorado raised its position in shares of SemGroup by 69.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock worth $193,000 after acquiring an additional 3,589 shares during the period. Private Advisor Group LLC acquired a new position in shares of SemGroup in the third quarter worth about $212,000. Gator Capital Management LLC acquired a new position in shares of SemGroup in the third quarter worth about $287,000. Finally, Verition Fund Management LLC acquired a new position in shares of SemGroup in the second quarter worth about $380,000. Institutional investors and hedge funds own 98.23% of the company’s stock.

Shares of SEMG opened at $16.79 on Monday. The firm has a market cap of $1.33 billion, a PE ratio of -69.96, a P/E/G ratio of 7.52 and a beta of 1.78. SemGroup has a 1-year low of $12.86 and a 1-year high of $30.35. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.10 and a current ratio of 1.17.

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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