SemGroup Corp (NYSE:SEMG) – Investment analysts at US Capital Advisors increased their Q3 2018 EPS estimates for shares of SemGroup in a report released on Wednesday. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.09. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for SemGroup’s Q4 2018 earnings at $0.11 EPS and FY2019 earnings at $0.69 EPS.
Several other research analysts have also weighed in on the company. Barclays reaffirmed a “hold” rating and issued a $28.00 target price on shares of SemGroup in a research report on Friday. Zacks Investment Research raised SemGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Goldman Sachs Group lowered SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Friday, January 5th. Wells Fargo & Co raised SemGroup from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 14th. Finally, Morgan Stanley cut their target price on SemGroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.00.
SemGroup (NYSE:SEMG) last announced its earnings results on Thursday, November 9th. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The firm had revenue of $545.90 million for the quarter, compared to analysts’ expectations of $474.83 million. SemGroup had a positive return on equity of 5.96% and a negative net margin of 0.41%. SemGroup’s quarterly revenue was up 66.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS.
Several institutional investors have recently made changes to their positions in SEMG. Schwab Charles Investment Management Inc. grew its stake in SemGroup by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock worth $9,421,000 after purchasing an additional 21,574 shares in the last quarter. Legal & General Group Plc lifted its holdings in SemGroup by 16.2% in the second quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock worth $1,733,000 after acquiring an additional 8,937 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in SemGroup by 537.3% in the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after acquiring an additional 7,684 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in SemGroup by 40.6% in the second quarter. Principal Financial Group Inc. now owns 34,970 shares of the pipeline company’s stock worth $944,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in SemGroup by 2.3% in the second quarter. Swiss National Bank now owns 110,941 shares of the pipeline company’s stock worth $2,995,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.
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SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
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