Equities research analysts expect that SemGroup Corp (NYSE:SEMG) will report sales of $609.45 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for SemGroup’s earnings. The highest sales estimate is $639.30 million and the lowest is $579.60 million. SemGroup reported sales of $634.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.9%. The firm is scheduled to issue its next earnings report on Wednesday, November 6th.
On average, analysts expect that SemGroup will report full year sales of $2.42 billion for the current fiscal year, with estimates ranging from $2.35 billion to $2.52 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.45 billion, with estimates ranging from $2.31 billion to $2.58 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for SemGroup.
SemGroup (NYSE:SEMG) last issued its earnings results on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.25). SemGroup had a negative net margin of 0.94% and a positive return on equity of 1.13%. The firm had revenue of $674.94 million during the quarter, compared to analyst estimates of $579.04 million. During the same quarter last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis.
Several equities research analysts recently issued reports on SEMG shares. Royal Bank of Canada downgraded shares of SemGroup from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.00 to $11.00 in a research note on Friday, August 23rd. Citigroup cut shares of SemGroup from a “buy” rating to a “neutral” rating and increased their price target for the company from $15.00 to $17.00 in a report on Monday, September 16th. Barclays set a $16.00 price target on shares of SemGroup and gave the company a “sell” rating in a report on Tuesday, October 15th. Wells Fargo & Co increased their price target on shares of SemGroup from $10.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, September 17th. Finally, UBS Group increased their price target on shares of SemGroup from $10.25 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.11.
In other SemGroup news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $16.61, for a total value of $93,720,396.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SEMG. Lenox Wealth Advisors LLC bought a new position in shares of SemGroup during the third quarter worth approximately $30,000. Marshall Wace North America L.P. bought a new position in shares of SemGroup during the first quarter worth approximately $32,000. Quantamental Technologies LLC increased its holdings in shares of SemGroup by 31.9% during the second quarter. Quantamental Technologies LLC now owns 6,196 shares of the pipeline company’s stock worth $74,000 after purchasing an additional 1,499 shares during the period. LPL Financial LLC bought a new position in shares of SemGroup during the second quarter worth approximately $137,000. Finally, GSA Capital Partners LLP bought a new position in shares of SemGroup during the second quarter worth approximately $145,000. 79.11% of the stock is currently owned by institutional investors.
NYSE:SEMG traded down $0.12 during mid-day trading on Thursday, hitting $16.21. The stock had a trading volume of 917,696 shares, compared to its average volume of 1,445,185. SemGroup has a twelve month low of $8.10 and a twelve month high of $21.94. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -85.32 and a beta of 1.59. The company’s 50 day simple moving average is $14.49 and its 200 day simple moving average is $12.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.36 and a current ratio of 1.45.
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. 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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