Wall Street analysts forecast that SemGroup Energy Partners, L.P. (NYSE:SEMG) will post sales of $561.76 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup Energy Partners’ earnings. The highest sales estimate is $586.12 million and the lowest is $537.40 million. SemGroup Energy Partners reported sales of $456.10 million in the same quarter last year, which indicates a positive year over year growth rate of 23.2%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that SemGroup Energy Partners will report full year sales of $561.76 million for the current financial year, with estimates ranging from $2.05 billion to $2.38 billion. For the next year, analysts forecast that the business will report sales of $2.25 billion per share, with estimates ranging from $2.08 billion to $2.44 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover SemGroup Energy Partners.
SemGroup Energy Partners (NYSE:SEMG) last posted its quarterly earnings data on Monday, February 26th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. SemGroup Energy Partners had a negative net margin of 0.82% and a positive return on equity of 5.14%. The business had revenue of $606.80 million during the quarter, compared to the consensus estimate of $560.34 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 50.9% compared to the same quarter last year.
In other SemGroup Energy Partners news, Director William J. Mcadam bought 10,000 shares of SemGroup Energy Partners stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the completion of the purchase, the director now directly owns 4,077 shares of the company’s stock, valued at $92,670.21. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.77% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of SemGroup Energy Partners by 1,087.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the pipeline company’s stock valued at $143,000 after acquiring an additional 4,350 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of SemGroup Energy Partners in the fourth quarter valued at approximately $156,000. Capital Innovations LLC bought a new position in shares of SemGroup Energy Partners in the fourth quarter valued at approximately $219,000. Fox Run Management L.L.C. bought a new position in shares of SemGroup Energy Partners in the fourth quarter valued at approximately $228,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of SemGroup Energy Partners in the third quarter valued at approximately $221,000.
SEMG stock traded down $0.75 during midday trading on Wednesday, reaching $21.30. 763,148 shares of the company were exchanged, compared to its average volume of 1,388,841. SemGroup Energy Partners has a 1-year low of $20.95 and a 1-year high of $36.65. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.05. The stock has a market capitalization of $1,734.74, a P/E ratio of -92.61, a PEG ratio of 9.07 and a beta of 1.98.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were paid a $0.4725 dividend. This is an increase from SemGroup Energy Partners’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, March 8th. This represents a $1.89 annualized dividend and a dividend yield of 8.87%. SemGroup Energy Partners’s dividend payout ratio (DPR) is presently -821.74%.
SemGroup Energy Partners 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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