Brokerages predict that SemGroup Corp (NYSE:SEMG) will report earnings per share of $0.11 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for SemGroup’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.01. SemGroup reported earnings per share of $0.60 in the same quarter last year, which would suggest a negative year-over-year growth rate of 81.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that SemGroup will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.57) to ($0.01). For the next year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.04 to $1.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for SemGroup.
SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.12). The business had revenue of $595.80 million during the quarter, compared to analyst estimates of $602.06 million. SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS.
A number of equities research analysts have weighed in on SEMG shares. Zacks Investment Research raised SemGroup from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, October 9th. Barclays raised their target price on SemGroup from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Capital One Financial reaffirmed an “equal weight” rating on shares of SemGroup in a report on Thursday, June 28th. ValuEngine raised SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of SemGroup in a report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.90.
Shares of SEMG stock opened at $20.82 on Friday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -86.75, a price-to-earnings-growth ratio of 63.00 and a beta of 1.88. SemGroup has a fifty-two week low of $20.20 and a fifty-two week high of $30.95. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13.
Several institutional investors and hedge funds have recently made changes to their positions in SEMG. SG Americas Securities LLC bought a new position in shares of SemGroup in the 2nd quarter valued at $165,000. Global Financial Private Capital LLC bought a new position in shares of SemGroup in the 2nd quarter valued at $228,000. Amalgamated Bank bought a new position in SemGroup during the 2nd quarter worth $274,000. Jane Street Group LLC bought a new position in SemGroup during the 1st quarter worth $294,000. Finally, Cim Investment Mangement Inc. bought a new position in SemGroup during the 2nd quarter worth $322,000.
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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