FY2018 EPS Estimates for SemGroup Corp Increased by US Capital Advisors (SEMG)

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SemGroup Corp (NYSE:SEMG) – Research analysts at US Capital Advisors lifted their FY2018 earnings estimates for SemGroup in a research report issued on Wednesday, October 17th, according to Zacks Investment Research. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of ($0.20) per share for the year, up from their prior forecast of ($0.21). US Capital Advisors also issued estimates for SemGroup’s Q4 2018 earnings at $0.03 EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.01 EPS.

Several other analysts also recently weighed in on SEMG. ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. BMO Capital Markets restated a “hold” rating and set a $26.00 price objective on shares of SemGroup in a research report on Friday, July 13th. Royal Bank of Canada dropped their price objective on SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Finally, Wells Fargo & Co dropped their price objective on SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.90.

Shares of SEMG stock traded down $0.76 on Friday, hitting $18.31. 1,281,128 shares of the company’s stock were exchanged, compared to its average volume of 662,505. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.60. SemGroup has a 12 month low of $17.97 and a 12 month high of $30.95. The company has a market cap of $1.66 billion, a P/E ratio of -76.29, a P/E/G ratio of 49.44 and a beta of 1.89.

SemGroup (NYSE:SEMG) last released its earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The company had revenue of $634.00 million for the quarter, compared to the consensus estimate of $586.71 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Friday, November 16th will be given a $0.4725 dividend. The ex-dividend date is Thursday, November 15th. This represents a $1.89 annualized dividend and a yield of 10.32%. SemGroup’s dividend payout ratio is presently -787.50%.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in SemGroup in the second quarter valued at about $165,000. Public Employees Retirement Association of Colorado increased its stake in shares of SemGroup by 69.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock valued at $193,000 after buying an additional 3,589 shares during the period. Private Advisor Group LLC acquired a new stake in shares of SemGroup in the third quarter valued at about $212,000. Global Financial Private Capital LLC acquired a new stake in SemGroup during the second quarter worth approximately $228,000. Finally, Amalgamated Bank acquired a new stake in SemGroup during the second quarter worth approximately $274,000.

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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