Wall Street brokerages forecast that SemGroup Corp (NYSE:SEMG) will report ($0.14) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SemGroup’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.26). SemGroup reported earnings of $0.12 per share during the same quarter last year, which would indicate a negative year over year growth rate of 216.7%. The business is expected to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that SemGroup will report full-year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.86) to $0.17. For the next financial year, analysts expect that the company will report earnings of ($0.29) per share, with EPS estimates ranging from ($1.02) to $0.32. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SemGroup.

SemGroup (NYSE:SEMG) last announced its quarterly earnings data on Wednesday, February 27th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.10). SemGroup had a negative net margin of 0.02% and a positive return on equity of 2.44%. The company had revenue of $611.86 million for the quarter, compared to the consensus estimate of $623.89 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year.

Several equities research analysts have recently weighed in on SEMG shares. ValuEngine raised shares of SemGroup from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet lowered shares of SemGroup from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Barclays lowered shares of SemGroup from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $15.00 to $13.00 in a report on Tuesday, April 16th. Zacks Investment Research lowered shares of SemGroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, UBS Group lowered shares of SemGroup from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $14.50 in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.19.

Shares of NYSE:SEMG traded down $0.17 on Wednesday, reaching $12.61. 33,315 shares of the company traded hands, compared to its average volume of 1,204,863. SemGroup has a 52 week low of $11.69 and a 52 week high of $26.78. The stock has a market capitalization of $1.02 billion, a P/E ratio of -66.29 and a beta of 1.74. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.24.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Friday, May 10th will be given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 14.99%. The ex-dividend date of this dividend is Thursday, May 9th. SemGroup’s dividend payout ratio (DPR) is presently -994.74%.

A number of institutional investors and hedge funds have recently bought and sold shares of SEMG. Tortoise Capital Advisors L.L.C. lifted its position in shares of SemGroup by 23.7% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 4,853,930 shares of the pipeline company’s stock valued at $66,887,000 after buying an additional 929,679 shares during the last quarter. Legal & General Group Plc increased its stake in SemGroup by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 113,996 shares of the pipeline company’s stock worth $2,514,000 after purchasing an additional 1,416 shares in the last quarter. Norges Bank purchased a new position in SemGroup in the 4th quarter worth about $7,003,000. BlackRock Inc. increased its stake in SemGroup by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,621,465 shares of the pipeline company’s stock worth $77,464,000 after purchasing an additional 178,897 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in SemGroup by 28.4% in the 4th quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock worth $203,000 after purchasing an additional 3,258 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

About SemGroup

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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