SemGroup Corp Expected to Earn Q2 2018 Earnings of $0.03 Per Share (SEMG)

SemGroup Corp (NYSE:SEMG) – US Capital Advisors dropped their Q2 2018 earnings estimates for shares of SemGroup in a report released on Wednesday. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. US Capital Advisors currently has a “Hold” rating on the stock.

SEMG has been the topic of several other reports. Royal Bank of Canada reissued a “buy” rating and set a $33.00 target price on shares of SemGroup in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of SemGroup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. BidaskClub lowered shares of SemGroup from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Goldman Sachs Group lowered shares of SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research note on Friday, January 5th. Finally, Wells Fargo & Co raised shares of SemGroup from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.00.

SemGroup (SEMG) opened at $29.55 on Monday. The stock has a market cap of $2,330.00, a price-to-earnings ratio of -2,955.00, a P/E/G ratio of 13.31 and a beta of 2.00. SemGroup has a 12 month low of $21.35 and a 12 month high of $42.40. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.

SemGroup (NYSE:SEMG) last posted its quarterly earnings data on Thursday, November 9th. The pipeline company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. SemGroup had a negative net margin of 0.41% and a positive return on equity of 5.96%. The company had revenue of $545.90 million for the quarter, compared to analyst estimates of $474.83 million. During the same period in the prior year, the firm posted ($0.14) EPS. The company’s quarterly revenue was up 66.5% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in SEMG. Harvest Fund Advisors LLC increased its holdings in SemGroup by 25.2% during the third quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock worth $213,608,000 after buying an additional 1,496,078 shares during the last quarter. Citadel Advisors LLC increased its holdings in SemGroup by 3,708.7% during the third quarter. Citadel Advisors LLC now owns 1,242,255 shares of the pipeline company’s stock worth $35,714,000 after buying an additional 1,209,639 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in SemGroup by 16.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock worth $133,552,000 after buying an additional 667,217 shares during the last quarter. Northern Trust Corp increased its holdings in SemGroup by 44.9% during the second quarter. Northern Trust Corp now owns 1,559,709 shares of the pipeline company’s stock worth $42,113,000 after buying an additional 483,458 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in SemGroup by 15.5% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 2,923,354 shares of the pipeline company’s stock worth $84,046,000 after buying an additional 392,018 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.

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SemGroup Company Profile

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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