Analysts predict that SemGroup Corp (NYSE:SEMG) will announce sales of $588.65 million for the current quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings, with the highest sales estimate coming in at $669.50 million and the lowest estimate coming in at $507.80 million. SemGroup reported sales of $545.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The business is scheduled to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that SemGroup will report full-year sales of $2.36 billion for the current financial year, with estimates ranging from $2.06 billion to $2.66 billion. For the next year, analysts expect that the company will post sales of $2.40 billion per share, with estimates ranging from $2.10 billion to $2.72 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover SemGroup.
SemGroup (NYSE:SEMG) last announced its earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.12). SemGroup had a positive return on equity of 2.41% and a negative net margin of 2.17%. The business had revenue of $595.80 million for the quarter, compared to analysts’ expectations of $602.06 million. During the same period in the previous year, the company earned $0.15 earnings per share. SemGroup’s quarterly revenue was up 26.0% on a year-over-year basis.
Several equities research analysts recently commented on the company. ValuEngine lowered SemGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Zacks Investment Research upgraded SemGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 26th. Capital One Financial restated an “equal weight” rating on shares of SemGroup in a research report on Thursday, June 28th. Wells Fargo & Co lowered SemGroup from an “outperform” rating to a “market perform” rating and cut their target price for the company from $30.95 to $20.20 in a research report on Sunday, June 10th. Finally, Royal Bank of Canada cut their target price on SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. SemGroup has an average rating of “Hold” and an average target price of $26.80.
SemGroup traded up $0.25, reaching $25.90, during midday trading on Tuesday, MarketBeat Ratings reports. The stock had a trading volume of 1,092,312 shares, compared to its average volume of 702,255. SemGroup has a 1-year low of $20.20 and a 1-year high of $30.95. The firm has a market cap of $2.03 billion, a PE ratio of -107.92, a P/E/G ratio of 111.76 and a beta of 1.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.34 and a current ratio of 1.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Monday, August 20th will be given a $0.4725 dividend. The ex-dividend date is Friday, August 17th. This represents a $1.89 annualized dividend and a yield of 7.30%. SemGroup’s dividend payout ratio (DPR) is presently -787.50%.
Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. purchased a new stake in SemGroup during the 1st quarter valued at $102,000. SG Americas Securities LLC purchased a new stake in SemGroup during the 2nd quarter valued at $165,000. Global Financial Private Capital LLC purchased a new stake in SemGroup during the 2nd quarter valued at $228,000. Amalgamated Bank purchased a new stake in SemGroup during the 2nd quarter valued at $274,000. Finally, Jane Street Group LLC purchased a new stake in SemGroup during the 1st quarter valued at $294,000.
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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