Equities analysts expect that SemGroup Corp (NYSE:SEMG) will report earnings per share (EPS) of ($0.14) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for SemGroup’s earnings, with the lowest EPS estimate coming in at ($0.20) and the highest estimate coming in at ($0.10). SemGroup reported earnings per share of $0.12 during the same quarter last year, which would suggest a negative year-over-year growth rate of 216.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that SemGroup will report full year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.73) to ($0.57). For the next year, analysts expect that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.93) to ($0.01). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SemGroup.

A number of equities research analysts have recently commented on SEMG shares. Zacks Investment Research upgraded SemGroup from a “strong sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research report on Wednesday, May 29th. SunTrust Banks restated a “hold” rating and issued a $15.00 target price on shares of SemGroup in a report on Tuesday, May 28th. ValuEngine upgraded SemGroup from a “hold” rating to a “buy” rating in a report on Friday, May 10th. TheStreet lowered SemGroup from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Finally, Barclays lowered SemGroup from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $15.00 to $13.00 in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. SemGroup currently has a consensus rating of “Hold” and an average target price of $19.44.

NYSE SEMG traded down $0.39 on Friday, reaching $12.73. 269,681 shares of the stock traded hands, compared to its average volume of 1,274,241. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.30 and a current ratio of 1.39. The firm has a market cap of $999.09 million, a P/E ratio of -66.97 and a beta of 1.57. SemGroup has a 12 month low of $11.69 and a 12 month high of $26.78.

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were paid a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 14.85%. The ex-dividend date was Thursday, May 9th. SemGroup’s dividend payout ratio (DPR) is presently -994.74%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. increased its stake 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 worth $66,887,000 after acquiring an additional 929,679 shares during the last quarter. Norges Bank acquired a new position in SemGroup during the fourth quarter worth $7,003,000. BlackRock Inc. increased its position in SemGroup by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,621,465 shares of the pipeline company’s stock worth $77,464,000 after buying an additional 178,897 shares during the last quarter. Squarepoint Ops LLC increased its position in SemGroup by 28.4% during the fourth quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock worth $203,000 after buying an additional 3,258 shares during the last quarter. Finally, Keybank National Association OH increased its position in SemGroup by 26.3% during the fourth quarter. Keybank National Association OH now owns 26,963 shares of the pipeline company’s stock worth $372,000 after buying an additional 5,620 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors and hedge funds.

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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