Zacks: Analysts Anticipate SemGroup Corp (SEMG) to Announce -$0.16 EPS

Equities analysts expect that SemGroup Corp (NYSE:SEMG) will report earnings per share of ($0.16) for the current quarter, Zacks reports. Two analysts have made estimates for SemGroup’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.26). SemGroup posted earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 233.3%. The firm is expected to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that SemGroup will report full year earnings of ($0.67) per share for the current financial year, with EPS estimates ranging from ($0.86) to ($0.57). For the next year, analysts anticipate that the firm will report earnings of ($0.40) per share, with EPS estimates ranging from ($1.02) to ($0.01). Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover SemGroup.

SemGroup (NYSE:SEMG) last announced its quarterly earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). SemGroup had a negative net margin of 0.02% and a positive return on equity of 2.28%. The company had revenue of $611.86 million for the quarter, compared to analyst estimates of $623.89 million. During the same quarter last year, the business earned $0.03 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis.



A number of research analysts have issued reports on SEMG shares. ValuEngine raised SemGroup from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. TheStreet cut SemGroup from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Zacks Investment Research lowered SemGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a research note on Monday, January 21st. Finally, Barclays set a $19.00 target price on SemGroup and gave the company a “hold” rating in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. SemGroup presently has an average rating of “Hold” and a consensus target price of $21.19.

SEMG stock traded up $0.04 during midday trading on Wednesday, hitting $13.80. The stock had a trading volume of 1,320,598 shares, compared to its average volume of 1,138,378. The stock has a market cap of $1.01 billion, a P/E ratio of -72.63 and a beta of 1.74. SemGroup has a 52 week low of $11.69 and a 52 week high of $26.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be paid a $0.4725 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 13.70%. SemGroup’s dividend payout ratio (DPR) is presently -994.74%.

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in SemGroup by 9.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,071,529 shares of the pipeline company’s stock valued at $15,794,000 after acquiring an additional 90,235 shares in the last quarter. SEI Investments Co bought a new stake in SemGroup in the 1st quarter valued at approximately $238,000. Jefferies Group LLC bought a new stake in SemGroup in the 1st quarter valued at approximately $369,000. Geode Capital Management LLC lifted its stake in SemGroup by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 790,490 shares of the pipeline company’s stock valued at $11,651,000 after acquiring an additional 54,015 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in SemGroup by 14.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 741,492 shares of the pipeline company’s stock valued at $10,930,000 after acquiring an additional 91,191 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

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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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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