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

Wall Street brokerages expect SemGroup Corp (NYSE:SEMG) to post sales of $563.42 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings. The lowest sales estimate is $535.10 million and the highest is $591.73 million. SemGroup posted sales of $606.81 million in the same quarter last year, which would indicate 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 financial year, with estimates ranging from $2.06 billion to $2.43 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.27 billion, with estimates ranging from $2.10 billion to $2.40 billion. Zacks’ sales averages are an average based on a survey of analysts that follow SemGroup.

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

Several research firms recently weighed in on SEMG. ValuEngine lowered SemGroup from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research lowered SemGroup from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 17th. BMO Capital Markets restated a “hold” rating and set a $26.00 price target on shares of SemGroup in a report on Friday, July 13th. Royal Bank of Canada decreased their price target on SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. Finally, Wells Fargo & Co decreased their price target on SemGroup from $27.00 to $24.00 and set a “market perform” rating on the stock in a report on Monday, September 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. SemGroup presently has an average rating of “Hold” and a consensus price target of $26.90.

A number of hedge funds have recently added to or reduced their stakes in SEMG. SG Americas Securities LLC purchased a new stake in SemGroup in the second quarter worth $165,000. Public Employees Retirement Association of Colorado increased its stake in SemGroup by 69.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock worth $193,000 after purchasing an additional 3,589 shares during the period. Private Advisor Group LLC purchased a new stake in SemGroup in the third quarter worth $212,000. Global Financial Private Capital LLC purchased a new stake in SemGroup in the second quarter worth $228,000. Finally, Amalgamated Bank purchased a new stake in SemGroup in the second quarter worth $274,000.

NYSE:SEMG opened at $18.31 on Wednesday. SemGroup has a fifty-two week low of $17.97 and a fifty-two week high of $30.95. The firm has a market cap 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. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13.

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

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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