Equities research analysts predict that SemGroup Corp (NYSE:SEMG) will announce $0.08 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SemGroup’s earnings, with estimates ranging from ($0.03) to $0.18. SemGroup posted earnings of $0.03 per share in the same quarter last year, which indicates a positive year over year growth rate of 166.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 27th.
On average, analysts expect that SemGroup will report full year earnings of ($0.50) per share for the current financial year, with EPS estimates ranging from ($0.60) to ($0.39). For the next financial year, analysts expect that the business will post earnings of $0.57 per share, with EPS estimates ranging from ($0.27) to $1.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover SemGroup.
SemGroup (NYSE:SEMG) last released its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). SemGroup had a positive return on equity of 0.32% and a negative net margin of 0.99%. The business had revenue of $634.00 million during the quarter, compared to analyst estimates of $586.71 million. During the same period in the previous year, the company earned ($0.25) EPS. SemGroup’s revenue was up 16.1% on a year-over-year basis.
SEMG has been the subject of several recent research reports. Barclays reissued a “hold” rating and issued a $25.00 price objective on shares of SemGroup in a research report on Friday, October 12th. ValuEngine raised shares of SemGroup from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Wells Fargo & Co reaffirmed a “hold” rating on shares of SemGroup in a report on Tuesday, November 13th. Goldman Sachs Group raised shares of SemGroup from a “sell” rating to a “neutral” rating in a report on Wednesday, January 2nd. Finally, SunTrust Banks lowered shares of SemGroup from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Monday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.22.
SemGroup stock opened at $16.00 on Wednesday. SemGroup has a 52-week low of $12.86 and a 52-week high of $28.00. The firm has a market capitalization of $1.29 billion, a PE ratio of -66.67, a price-to-earnings-growth ratio of 5.69 and a beta of 1.86. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 1.68.
In other news, Director William J. Mcadam purchased 15,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average cost of $16.57 per share, with a total value of $248,550.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.79% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in SemGroup during the 4th quarter valued at $50,000. Public Employees Retirement Association of Colorado grew its holdings in 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 acquiring an additional 3,589 shares in the last quarter. Private Advisor Group LLC acquired a new position in SemGroup during the 3rd quarter worth $212,000. LVW Advisors LLC grew its holdings in SemGroup by 11.9% during the 4th quarter. LVW Advisors LLC now owns 16,900 shares of the pipeline company’s stock worth $233,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Gator Capital Management LLC grew its holdings in SemGroup by 53.8% during the 4th quarter. Gator Capital Management LLC now owns 20,000 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 7,000 shares in the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.
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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