SemGroup Corp (NYSE:SEMG) Declares Quarterly Dividend of $0.47

SemGroup Corp (NYSE:SEMG) announced a quarterly dividend on Monday, November 4th, Fidelity reports. Investors of record on Thursday, November 14th will be given a dividend of 0.4725 per share by the pipeline company on Thursday, November 21st. This represents a $1.89 dividend on an annualized basis and a yield of 11.82%. The ex-dividend date is Wednesday, November 13th. This is a positive change from SemGroup’s previous quarterly dividend of $0.42.

SEMG stock traded up $0.09 during trading on Tuesday, reaching $15.99. 151,706 shares of the stock were exchanged, compared to its average volume of 1,734,255. SemGroup has a twelve month low of $8.10 and a twelve month high of $18.50. The company has a market capitalization of $1.28 billion, a P/E ratio of -84.16 and a beta of 1.60. The stock has a 50 day simple moving average of $16.20 and a 200-day simple moving average of $12.92. The company has a current ratio of 1.45, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19.

SemGroup (NYSE:SEMG) last released its earnings results on Thursday, November 7th. The pipeline company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). SemGroup had a positive return on equity of 0.07% and a negative net margin of 1.84%. The firm had revenue of $562.00 million for the quarter, compared to analyst estimates of $651.81 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities analysts predict that SemGroup will post -0.83 EPS for the current year.

In other SemGroup news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of SemGroup stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $16.61, for a total transaction of $93,720,396.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on SEMG shares. UBS Group lifted their target price on SemGroup from $10.25 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. SunTrust Banks decreased their target price on SemGroup from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Citigroup downgraded SemGroup from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $15.00 to $17.00 in a research report on Monday, September 16th. Barclays set a $16.00 target price on SemGroup and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Finally, ValuEngine downgraded SemGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. SemGroup currently has an average rating of “Hold” and a consensus target price of $17.11.

About SemGroup

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Dividend History for SemGroup (NYSE:SEMG)

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