$563.42 Million in Sales Expected for SemGroup Corp (SEMG) This Quarter

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Equities analysts forecast that SemGroup Corp (NYSE:SEMG) will report $563.42 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for SemGroup’s earnings, with estimates ranging from $535.10 million to $591.73 million. SemGroup posted sales of $606.81 million during the same quarter last year, which suggests a negative year over year growth rate of 7.2%. The firm is expected to announce its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that SemGroup will report full year sales of $2.31 billion for the current year, with estimates ranging from $2.06 billion to $2.43 billion. For the next financial year, analysts forecast that the firm will post sales of $2.27 billion, with estimates ranging from $2.10 billion to $2.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow SemGroup.

SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). SemGroup had a positive return on equity of 2.44% and a negative net margin of 2.17%. The firm had revenue of $634.00 million during the quarter, compared to the consensus estimate of $586.71 million. During the same quarter in the prior year, the business posted ($0.25) EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis.

SEMG has been the topic of several recent analyst reports. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Wells Fargo & Co reiterated a “hold” rating on shares of SemGroup in a report on Wednesday, September 12th. Barclays reiterated a “hold” rating and issued a $25.00 price target on shares of SemGroup in a report on Friday, October 12th. Zacks Investment Research upgraded shares of 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. Finally, Goldman Sachs Group cut shares of SemGroup from a “neutral” rating to a “sell” rating in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. SemGroup has a consensus rating of “Hold” and a consensus target price of $26.90.

NYSE:SEMG opened at $18.31 on Wednesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of -76.29, a P/E/G ratio of 49.44 and a beta of 1.89. SemGroup has a twelve month low of $17.97 and a twelve month high of $30.95. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Friday, November 16th will be given a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 10.32%. The ex-dividend date is Thursday, November 15th. SemGroup’s dividend payout ratio is currently -787.50%.

A number of institutional investors have recently made changes to their positions in SEMG. SG Americas Securities LLC purchased a new position in SemGroup during the second quarter valued at $165,000. Public Employees Retirement Association of Colorado lifted its position in SemGroup by 69.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock valued at $193,000 after buying an additional 3,589 shares during the period. Private Advisor Group LLC purchased a new position in SemGroup during the third quarter valued at $212,000. Global Financial Private Capital LLC purchased a new position in SemGroup during the second quarter valued at $228,000. Finally, Amalgamated Bank purchased a new position in SemGroup during the second quarter valued at $274,000.

About SemGroup

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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