Equities analysts expect SemGroup Corp (NYSE:SEMG) to post earnings per share (EPS) of ($0.01) for the current quarter, Zacks reports. Two analysts have made estimates for SemGroup’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.15. SemGroup posted earnings per share of ($0.35) in the same quarter last year, which would indicate a positive year over year growth rate of 97.1%. The firm is scheduled to announce its next earnings report on Tuesday, May 14th.

On average, analysts expect that SemGroup will report full-year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.84) to $0.82. For the next fiscal year, analysts forecast that the company will report earnings of ($0.29) per share, with EPS estimates ranging from ($1.02) to $0.32. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow SemGroup.

SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.10). The firm had revenue of $611.86 million during the quarter, compared to analyst estimates of $623.89 million. SemGroup had a negative net margin of 1.07% and a positive return on equity of 0.58%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS.

Several brokerages recently weighed in on SEMG. Zacks Investment Research cut shares of SemGroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. UBS Group cut shares of SemGroup from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $14.50 in a report on Thursday, March 7th. ValuEngine raised shares of SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $25.00 target price on shares of SemGroup in a report on Monday, March 4th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of SemGroup in a report on Monday, January 21st. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. SemGroup has a consensus rating of “Hold” and a consensus target price of $21.94.

Hedge funds have recently added to or reduced their stakes in the business. Viking Fund Management LLC raised its position in shares of SemGroup by 5.9% during the first quarter. Viking Fund Management LLC now owns 323,000 shares of the pipeline company’s stock worth $4,761,000 after acquiring an additional 18,000 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of SemGroup during the first quarter worth $223,000. SL Advisors LLC grew its stake in SemGroup by 44.1% in the first quarter. SL Advisors LLC now owns 59,071 shares of the pipeline company’s stock valued at $869,000 after acquiring an additional 18,084 shares during the period. Chickasaw Capital Management LLC grew its stake in SemGroup by 1.7% in the first quarter. Chickasaw Capital Management LLC now owns 8,301,719 shares of the pipeline company’s stock valued at $122,367,000 after acquiring an additional 139,057 shares during the period. Finally, Geode Capital Management LLC grew its stake in SemGroup by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 736,475 shares of the pipeline company’s stock valued at $10,148,000 after acquiring an additional 20,851 shares during the period. 98.80% of the stock is currently owned by institutional investors.

NYSE:SEMG traded down $0.44 during mid-day trading on Monday, hitting $15.14. The stock had a trading volume of 557,900 shares, compared to its average volume of 1,053,340. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -79.68 and a beta of 1.81. SemGroup has a twelve month low of $12.86 and a twelve month high of $26.78. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.24.

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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