SemGroup Corp (NASDAQ:SEMG) – Equities research analysts at SunTrust Banks issued their Q1 2017 earnings estimates for SemGroup Corp in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst T. Richardson expects that the firm will earn $0.01 per share for the quarter. SunTrust Banks also issued estimates for SemGroup Corp’s Q2 2017 earnings at $0.02 EPS, Q3 2017 earnings at $0.30 EPS, Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $0.65 EPS.

SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.28. The company earned $327.80 million during the quarter, compared to analyst estimates of $334.93 million. During the same period last year, the business earned $0.11 earnings per share. SemGroup Corp’s quarterly revenue was down 17.5% on a year-over-year basis.

Earnings History and Estimates for SemGroup Corp (NASDAQ:SEMG)

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised SemGroup Corp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday. Citigroup Inc. began coverage on shares of SemGroup Corp in a research note on Thursday, November 3rd. They issued a “neutral” rating and a $34.00 target price for the company. Finally, Goldman Sachs Group Inc. began coverage on shares of SemGroup Corp in a research note on Thursday, August 25th. They issued a “buy” rating and a $39.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.75.

SemGroup Corp (NASDAQ:SEMG) opened at 33.15 on Wednesday. The company’s market capitalization is $1.75 billion. The company has a 50-day moving average price of $33.35 and a 200-day moving average price of $31.68. SemGroup Corp has a one year low of $13.98 and a one year high of $36.64.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, November 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its position in shares of SemGroup Corp by 3.6% in the second quarter. Nationwide Fund Advisors now owns 29,118 shares of the company’s stock worth $948,000 after buying an additional 1,019 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of SemGroup Corp by 170.5% in the second quarter. Global X Management Co. LLC now owns 376,175 shares of the company’s stock worth $12,248,000 after buying an additional 237,092 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SemGroup Corp by 50.5% in the second quarter. JPMorgan Chase & Co. now owns 611,478 shares of the company’s stock worth $19,910,000 after buying an additional 205,196 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of SemGroup Corp during the second quarter worth approximately $5,018,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of SemGroup Corp during the second quarter worth approximately $619,000.

SemGroup Corp Company Profile

5 Day Chart for NASDAQ:SEMG

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