SemGroup Corp (NYSE:SEMG) announced a quarterly dividend on Monday, November 4th, Fidelity reports. Shareholders 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 11.87%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from SemGroup’s previous quarterly dividend of $0.42.
SEMG stock traded down $0.15 during midday trading on Monday, reaching $15.92. 701,505 shares of the company were exchanged, compared to its average volume of 1,464,638. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.36 and a current ratio of 1.45. SemGroup has a 1-year low of $8.10 and a 1-year high of $18.86. The stock’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $12.90. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -83.79 and a beta of 1.60.
SemGroup (NYSE:SEMG) last announced its earnings results on Thursday, November 7th. The pipeline company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The business had revenue of $562.00 million for the quarter, compared to analysts’ expectations of $651.81 million. SemGroup had a positive return on equity of 1.13% and a negative net margin of 0.94%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. On average, research analysts anticipate that SemGroup will post -0.83 earnings per share for the current year.
A number of brokerages have recently issued reports on SEMG. Royal Bank of Canada lowered shares of SemGroup from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $19.00 to $11.00 in a research report on Friday, August 23rd. Citigroup lowered shares of SemGroup from a “buy” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $17.00 in a research report on Monday, September 16th. ValuEngine lowered shares of SemGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. UBS Group raised their target price on shares of SemGroup from $10.25 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Co raised their target price on shares of SemGroup from $10.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.11.
In related news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of SemGroup stock in a transaction on Monday, September 16th. The shares were sold at an average price of $16.61, for a total value of $93,720,396.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.
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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