Equities analysts predict that SemGroup Corp (NYSE:SEMG) will report $557.20 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings, with estimates ranging from $531.00 million to $583.40 million. SemGroup reported sales of $545.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The firm is expected to announce its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that SemGroup will report full-year sales of $2.31 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.43 billion. For the next year, analysts anticipate that the company will post sales of $2.27 billion, with estimates ranging from $2.09 billion to $2.39 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for SemGroup.

SemGroup (NYSE:SEMG) last released its quarterly earnings data on Wednesday, August 8th. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.12). SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The business had revenue of $595.80 million for the quarter, compared to the consensus estimate of $602.06 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. SemGroup’s revenue for the quarter was up 26.0% on a year-over-year basis.

A number of equities analysts have recently issued reports on SEMG shares. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Wells Fargo & Co downgraded shares of SemGroup from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $30.95 to $20.20 in a research note on Sunday, June 10th. Barclays increased their price objective on shares of SemGroup from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Royal Bank of Canada dropped their price objective on shares of SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of SemGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.22.

NYSE SEMG opened at $21.55 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13. SemGroup has a 52-week low of $20.20 and a 52-week high of $30.95. The company has a market cap of $1.66 billion, a PE ratio of -89.69, a price-to-earnings-growth ratio of 60.00 and a beta of 1.89.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were paid a $0.4725 dividend. The ex-dividend date was Friday, August 17th. This represents a $1.89 annualized dividend and a yield of 8.77%. SemGroup’s dividend payout ratio (DPR) is -787.50%.

A number of institutional investors and hedge funds have recently made changes to their positions in SEMG. Wells Fargo & Company MN boosted its stake in SemGroup by 22.0% in the first quarter. Wells Fargo & Company MN now owns 133,208 shares of the pipeline company’s stock valued at $2,851,000 after acquiring an additional 23,985 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in SemGroup by 5.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,019,928 shares of the pipeline company’s stock valued at $43,211,000 after acquiring an additional 100,871 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in SemGroup by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 489,561 shares of the pipeline company’s stock valued at $10,477,000 after acquiring an additional 38,965 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SemGroup by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 219,757 shares of the pipeline company’s stock valued at $4,704,000 after acquiring an additional 13,274 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in SemGroup by 86.4% in the first quarter. Great West Life Assurance Co. Can now owns 15,218 shares of the pipeline company’s stock valued at $325,000 after acquiring an additional 7,056 shares in the last quarter.

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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