SemGroup Corp (NYSE:SEMG) Expected to Post Earnings of -$0.25 Per Share

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Equities research analysts expect that SemGroup Corp (NYSE:SEMG) will post ($0.25) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for SemGroup’s earnings, with estimates ranging from ($0.38) to ($0.12). SemGroup posted earnings per share of $0.05 in the same quarter last year, which would suggest a negative year-over-year growth rate of 600%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that SemGroup will report full year earnings of ($1.29) per share for the current fiscal year, with EPS estimates ranging from ($1.54) to ($1.05). For the next year, analysts expect that the firm will post earnings of ($0.73) per share, with EPS estimates ranging from ($1.15) to ($0.17). Zacks’ earnings per share averages are an average based on a survey of research firms that follow SemGroup.

SemGroup (NYSE:SEMG) last issued its earnings results on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.25). SemGroup had a positive return on equity of 1.13% and a negative net margin of 0.94%. The company had revenue of $674.94 million for the quarter, compared to the consensus estimate of $579.04 million. During the same quarter in the prior year, the company posted ($0.11) EPS. SemGroup’s revenue was up 13.3% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co upped their price target on shares of SemGroup from $10.00 to $17.00 and gave the company a “market perform” rating in a research note on Tuesday, September 17th. SunTrust Banks decreased their price target on shares of SemGroup from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Barclays set a $16.00 price target on shares of SemGroup and gave the company a “sell” rating in a research note on Tuesday, October 15th. Citigroup downgraded shares of SemGroup from a “buy” rating to a “neutral” rating and upped their price target for the company from $15.00 to $17.00 in a research note on Monday, September 16th. Finally, ValuEngine downgraded shares of SemGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.11.

In related news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $16.61, for a total transaction of $93,720,396.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Street Markets LLC acquired a new position in SemGroup in the third quarter valued at approximately $190,000. Nisa Investment Advisors LLC boosted its stake in shares of SemGroup by 639.7% during the third quarter. Nisa Investment Advisors LLC now owns 54,000 shares of the pipeline company’s stock valued at $882,000 after acquiring an additional 46,700 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of SemGroup during the third quarter valued at $5,977,000. Lenox Wealth Advisors LLC acquired a new stake in SemGroup in the 3rd quarter worth about $30,000. Finally, Cresset Asset Management LLC acquired a new stake in SemGroup in the 2nd quarter worth about $885,000. 79.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SEMG traded down $0.12 during midday trading on Tuesday, reaching $16.21. 917,696 shares of the company were exchanged, compared to its average volume of 1,445,185. The company has a current ratio of 1.45, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average is $14.49 and its two-hundred day moving average is $12.81. SemGroup has a one year low of $8.10 and a one year high of $21.94. The stock has a market cap of $1.30 billion, a PE ratio of -85.32 and a beta of 1.59.

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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