Brokerages expect SemGroup Corp (NYSE:SEMG) to report $588.06 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for SemGroup’s earnings. The highest sales estimate is $641.82 million and the lowest is $534.30 million. SemGroup posted sales of $606.81 million in the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The firm is expected to announce its next earnings results on Monday, February 25th.
According to Zacks, analysts expect that SemGroup will report full year sales of $2.46 billion for the current year, with estimates ranging from $2.43 billion to $2.53 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.36 billion, with estimates ranging from $2.12 billion to $2.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for SemGroup.
SemGroup (NYSE:SEMG) last posted its earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.09). The business had revenue of $634.00 million for the quarter, compared to the consensus estimate of $586.71 million. SemGroup had a positive return on equity of 0.32% and a negative net margin of 0.99%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.25) earnings per share.
A number of analysts have recently commented on SEMG shares. Zacks Investment Research upgraded SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, October 9th. Morgan Stanley cut their price target on SemGroup from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Friday, November 30th. Barclays restated a “hold” rating and issued a $25.00 price target on shares of SemGroup in a report on Friday, October 12th. SunTrust Banks lowered SemGroup from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a report on Monday, January 14th. Finally, ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.22.
SEMG stock traded up $0.06 during midday trading on Wednesday, hitting $17.31. 990,654 shares of the company’s stock were exchanged, compared to its average volume of 1,095,739. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 1.68. The firm has a market cap of $1.37 billion, a PE ratio of -72.13, a P/E/G ratio of 7.69 and a beta of 1.78. SemGroup has a one year low of $12.86 and a one year high of $30.35.
In other news, Director William J. Mcadam purchased 15,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $16.57 per share, for a total transaction of $248,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.79% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC increased its position in shares of SemGroup by 6.2% in the fourth quarter. Advisors Capital Management LLC now owns 438,480 shares of the pipeline company’s stock valued at $6,042,000 after acquiring an additional 25,733 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of SemGroup by 178.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 48,500 shares of the pipeline company’s stock valued at $668,000 after acquiring an additional 31,100 shares during the last quarter. Personal Capital Advisors Corp increased its position in shares of SemGroup by 27.5% in the fourth quarter. Personal Capital Advisors Corp now owns 168,012 shares of the pipeline company’s stock valued at $2,315,000 after acquiring an additional 36,214 shares during the last quarter. SL Advisors LLC increased its position in shares of SemGroup by 56.9% in the fourth quarter. SL Advisors LLC now owns 40,987 shares of the pipeline company’s stock valued at $565,000 after acquiring an additional 14,863 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased its position in shares of SemGroup by 4.9% in the fourth quarter. Chickasaw Capital Management LLC now owns 8,162,662 shares of the pipeline company’s stock valued at $112,481,000 after acquiring an additional 382,038 shares during the last quarter. 98.73% of the stock is currently owned by institutional investors and hedge funds.
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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