SemGroup Corp (SEMG) Declares Quarterly Dividend of $0.27
SemGroup Corp (NASDAQ:SEMG) declared a quarterly dividend on Thursday, August 7th, Stock Ratings Network.com reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.27 per share on Thursday, August 28th. This represents a $1.08 dividend on an annualized basis and a yield of 1.40%.
A number of research firms have recently commented on SEMG. Analysts at Zacks downgraded shares of SemGroup Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $77.80 price target on the stock. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of SemGroup Corp in a research note on Thursday, June 19th. They set a “buy” rating and a $92.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of SemGroup Corp in a research note on Monday, June 9th. They now have a $82.00 price target on the stock, up previously from $80.00.
Shares of SemGroup Corp (NASDAQ:SEMG) traded up 1.43% on Thursday, hitting $78.28. The stock had a trading volume of 736,394 shares. SemGroup Corp has a 1-year low of $51.86 and a 1-year high of $82.29. The stock has a 50-day moving average of $78. and a 200-day moving average of $68.49. The company has a market cap of $3.338 billion and a P/E ratio of 188.24.
SemGroup Corp (NASDAQ:SEMG) last announced its earnings results on Thursday, August 7th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.81. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $195.90 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, analysts predict that SemGroup Corp will post $1.47 earnings per share for the current fiscal year.
Semgroup Corporation provide gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States, Canada and the west coast of the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.