Brokerages forecast that SemGroup Corp (NYSE:SEMG) will announce sales of $575.19 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SemGroup’s earnings. The highest sales estimate is $647.69 million and the lowest is $502.70 million. SemGroup posted sales of $473.09 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The business is scheduled to announce its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that SemGroup will report full year sales of $2.36 billion for the current year, with estimates ranging from $2.06 billion to $2.66 billion. For the next year, analysts forecast that the company will post sales of $2.40 billion per share, with estimates ranging from $2.10 billion to $2.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover SemGroup.

SemGroup (NYSE:SEMG) last announced its quarterly earnings results on Tuesday, May 8th. The pipeline company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.55). SemGroup had a positive return on equity of 2.17% and a negative net margin of 1.74%. The business had revenue of $661.61 million during the quarter, compared to analysts’ expectations of $570.99 million. During the same period in the previous year, the business earned ($0.16) EPS. The business’s revenue was up 45.1% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price objective on SemGroup from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, April 6th. ValuEngine downgraded SemGroup from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. UBS Group reiterated a “buy” rating and issued a $29.00 price objective (down previously from $31.00) on shares of SemGroup in a report on Friday, March 2nd. BMO Capital Markets assumed coverage on SemGroup in a report on Tuesday, June 12th. They issued a “market perform” rating and a $25.00 price objective for the company. Finally, Royal Bank of Canada decreased their price objective on SemGroup to $29.00 and set an “outperform” rating for the company in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $26.82.

Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new position in shares of SemGroup during the first quarter valued at $102,000. Public Employees Retirement Association of Colorado bought a new position in shares of SemGroup during the fourth quarter valued at $156,000. Ferris Capital LLC bought a new position in shares of SemGroup during the fourth quarter valued at $359,000. Jane Street Group LLC bought a new position in shares of SemGroup during the first quarter valued at $294,000. Finally, Gator Capital Management LLC bought a new position in shares of SemGroup during the first quarter valued at $321,000.

SEMG stock traded up $0.20 on Friday, reaching $25.20. The company’s stock had a trading volume of 616,696 shares, compared to its average volume of 958,016. SemGroup has a 12-month low of $20.20 and a 12-month high of $30.95. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -105.00, a PEG ratio of 21.74 and a beta of 1.87. The company has a quick ratio of 1.34, a current ratio of 1.46 and a debt-to-equity ratio of 1.69.

The business also recently declared a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Wednesday, May 16th were issued a dividend of $0.4725 per share. The ex-dividend date was Tuesday, May 15th. This represents a $1.89 annualized dividend and a dividend yield of 7.50%. SemGroup’s payout ratio is presently -787.50%.

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. 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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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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