Wall Street analysts expect SemGroup Corp (NYSE:SEMG) to announce sales of $588.06 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for SemGroup’s earnings. The lowest sales estimate is $534.30 million and the highest is $641.82 million. SemGroup posted sales of $606.81 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 27th.

On average, analysts expect that SemGroup will report full-year sales of $2.50 billion for the current year, with estimates ranging from $2.43 billion to $2.54 billion. For the next year, analysts anticipate that the company will post sales of $2.48 billion, with estimates ranging from $2.12 billion to $2.73 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for SemGroup.

Several analysts have weighed in on the stock. ValuEngine lowered shares of SemGroup from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Wells Fargo & Co reissued a “hold” rating on shares of SemGroup in a report on Tuesday, November 13th. Barclays set a $19.00 price target on shares of SemGroup and gave the company a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research reissued a “hold” rating and set a $22.00 price target on shares of SemGroup in a report on Thursday, November 15th. Finally, SunTrust Banks downgraded shares of SemGroup from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a report on Monday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.22.

SEMG stock traded up $0.25 during trading on Friday, hitting $15.57. 17,007 shares of the company’s stock traded hands, compared to its average volume of 1,126,388. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10. SemGroup has a 52 week low of $12.86 and a 52 week high of $28.00. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -64.25, a PEG ratio of 5.34 and a beta of 1.86.

In other news, Director William J. Mcadam purchased 15,000 shares of SemGroup stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $16.57 per share, with a total value of $248,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SEMG. Legal & General Group Plc lifted its holdings in SemGroup by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 113,996 shares of the pipeline company’s stock valued at $2,514,000 after acquiring an additional 1,416 shares during the last quarter. LVW Advisors LLC raised its holdings in SemGroup by 11.9% during the 4th quarter. LVW Advisors LLC now owns 16,900 shares of the pipeline company’s stock worth $233,000 after buying an additional 1,800 shares during the period. First Trust Advisors LP raised its holdings in SemGroup by 5.0% during the 4th quarter. First Trust Advisors LP now owns 51,286 shares of the pipeline company’s stock worth $707,000 after buying an additional 2,447 shares during the period. Congress Asset Management Co. MA raised its holdings in SemGroup by 11.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 26,453 shares of the pipeline company’s stock worth $583,000 after buying an additional 2,755 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in SemGroup by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,040 shares of the pipeline company’s stock worth $4,940,000 after buying an additional 3,103 shares during the period. 94.49% of the stock is 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. 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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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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