Wall Street brokerages predict that SemGroup Corp (NYSE:SEMG) will announce sales of $553.33 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for SemGroup’s earnings. The lowest sales estimate is $506.70 million and the highest is $599.95 million. SemGroup posted sales of $661.61 million during the same quarter last year, which suggests a negative year-over-year growth rate of 16.4%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, May 7th.

On average, analysts expect that SemGroup will report full year sales of $2.38 billion for the current financial year, with estimates ranging from $2.10 billion to $2.56 billion. For the next financial year, analysts forecast that the company will report sales of $2.48 billion, with estimates ranging from $2.22 billion to $2.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for SemGroup.

SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The business had revenue of $611.86 million for the quarter, compared to the consensus estimate 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 for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS.

SEMG has been the subject of several research analyst reports. ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. UBS Group lowered SemGroup from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.50 in a research report on Thursday, March 7th. Barclays lowered SemGroup from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $15.00 to $13.00 in a research report on Tuesday, April 16th. SunTrust Banks lowered SemGroup from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Monday, January 14th. Finally, Goldman Sachs Group raised SemGroup from a “sell” rating to a “neutral” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.19.

A number of large investors have recently made changes to their positions in SEMG. Tortoise Capital Advisors L.L.C. increased its holdings in shares of SemGroup by 23.7% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 4,853,930 shares of the pipeline company’s stock valued at $66,887,000 after purchasing an additional 929,679 shares during the last quarter. Norges Bank purchased a new stake in SemGroup during the 4th quarter worth $7,003,000. Mirae Asset Global Investments Co. Ltd. boosted its position in SemGroup by 50.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,238,487 shares of the pipeline company’s stock worth $17,066,000 after purchasing an additional 416,189 shares during the period. Chickasaw Capital Management LLC boosted its position in SemGroup by 4.9% during the 4th quarter. Chickasaw Capital Management LLC now owns 8,162,662 shares of the pipeline company’s stock worth $112,481,000 after purchasing an additional 382,038 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in SemGroup by 26.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,625,916 shares of the pipeline company’s stock worth $22,405,000 after purchasing an additional 343,870 shares during the period. 98.97% of the stock is currently owned by institutional investors.

SEMG traded up $0.54 on Wednesday, hitting $14.44. 29,871 shares of the company’s stock traded hands, compared to its average volume of 781,770. The company has a market capitalization of $1.11 billion, a PE ratio of -75.63 and a beta of 1.81. SemGroup has a one year low of $12.86 and a one year high of $26.78. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.24.

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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