Equities analysts expect SemGroup Corp (NYSE:SEMG) to report sales of $588.06 million for the current quarter, according to Zacks. Two analysts have issued estimates for SemGroup’s earnings, with the highest sales estimate coming in at $641.82 million and the lowest estimate coming in at $534.30 million. SemGroup posted sales of $606.81 million in the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The company is scheduled to announce its next earnings report on Monday, February 25th.
According to Zacks, analysts expect that SemGroup will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.53 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.32 billion, with estimates ranging from $2.09 billion to $2.60 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for SemGroup.
SemGroup (NYSE:SEMG) last announced its quarterly earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $586.71 million. During the same period last year, the company posted ($0.25) earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. Barclays reissued a “hold” rating and issued a $25.00 price objective on shares of SemGroup in a research report on Friday, October 12th. Wells Fargo & Co decreased their price objective on shares of SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, September 24th. Goldman Sachs Group cut shares of SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Royal Bank of Canada decreased their price objective on shares of SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. SemGroup currently has an average rating of “Hold” and a consensus price target of $26.60.
Shares of SemGroup stock opened at $16.28 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10. SemGroup has a twelve month low of $15.46 and a twelve month high of $30.95. The firm has a market cap of $1.25 billion, a P/E ratio of -67.83 and a beta of 1.89.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Friday, November 16th were given a $0.4725 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.89 dividend on an annualized basis and a yield of 11.61%. SemGroup’s payout ratio is currently -787.50%.
In related news, Director William J. Mcadam bought 15,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $16.57 per share, for a total transaction of $248,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of SemGroup by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,998,716 shares of the pipeline company’s stock valued at $154,321,000 after purchasing an additional 47,047 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of SemGroup by 3.7% in the 3rd quarter. Teachers Advisors LLC now owns 156,166 shares of the pipeline company’s stock valued at $3,443,000 after purchasing an additional 5,631 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of SemGroup in the 3rd quarter valued at about $484,000. Advisors Asset Management Inc. raised its stake in shares of SemGroup by 5.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 945,120 shares of the pipeline company’s stock valued at $20,840,000 after purchasing an additional 46,733 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of SemGroup by 416.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 189,002 shares of the pipeline company’s stock valued at $4,167,000 after purchasing an additional 152,387 shares in the last quarter.
SemGroup Company Profile
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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