Brokerages expect SemGroup Corp (NYSE:SEMG) to report earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.26. SemGroup reported earnings of $0.60 per share in the same quarter last year, which would indicate a negative year over year growth rate of 81.7%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that SemGroup will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.56) to ($0.01). For the next year, analysts forecast that the business will report earnings of $0.70 per share, with EPS estimates ranging from ($0.06) to $1.60. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow SemGroup.

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

A number of equities analysts have weighed in on the company. ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered SemGroup from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price objective on shares of SemGroup in a research note on Friday, July 13th. Royal Bank of Canada reduced their price objective on SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. Finally, Wells Fargo & Co reduced their price objective on SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.90.

Several institutional investors have recently made changes to their positions in SEMG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of SemGroup in the 2nd quarter valued at about $36,753,000. Summit Trail Advisors LLC increased its stake in shares of SemGroup by 2,365.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,480,566 shares of the pipeline company’s stock valued at $1,481,000 after purchasing an additional 1,420,516 shares in the last quarter. Brookfield Asset Management Inc. increased its stake in shares of SemGroup by 233.5% in the 1st quarter. Brookfield Asset Management Inc. now owns 1,968,404 shares of the pipeline company’s stock valued at $42,124,000 after purchasing an additional 1,378,167 shares in the last quarter. BlackRock Inc. increased its stake in shares of SemGroup by 20.9% in the 2nd quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock valued at $140,363,000 after purchasing an additional 953,465 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its stake in shares of SemGroup by 17.3% in the 1st quarter. Atlantic Trust Group LLC now owns 3,667,254 shares of the pipeline company’s stock valued at $78,479,000 after purchasing an additional 540,016 shares in the last quarter.

Shares of NYSE SEMG traded up $0.05 during trading on Friday, reaching $21.09. 521,700 shares of the company traded hands, compared to its average volume of 852,615. The firm has a market capitalization of $1.68 billion, a P/E ratio of -87.88, a PEG ratio of 60.71 and a beta of 1.88. SemGroup has a 12-month low of $20.20 and a 12-month high of $30.95. 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 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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