Q3 2017 EPS Estimates for SemGroup Corp Raised by Analyst (SEMG)
SemGroup Corp (NASDAQ:SEMG) – Equities research analysts at US Capital Advisors lifted their Q3 2017 earnings per share (EPS) estimates for shares of SemGroup Corp in a research report issued on Friday. US Capital Advisors analyst J. Carreker now expects that the firm will earn $0.15 per share for the quarter, up from their prior estimate of $0.14. US Capital Advisors also issued estimates for SemGroup Corp’s FY2017 earnings at $0.30 EPS and FY2018 earnings at $0.42 EPS.
SemGroup Corp (NASDAQ:SEMG) last announced its earnings results on Monday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.28. The firm earned $327.80 million during the quarter, compared to analyst estimates of $334.93 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business’s revenue was down 17.5% on a year-over-year basis.
Several other equities analysts have also recently commented on SEMG. Zacks Investment Research upgraded shares of SemGroup Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Tuesday, July 26th. Goldman Sachs Group Inc. initiated coverage on shares of SemGroup Corp in a report on Thursday, August 25th. They set a “buy” rating and a $39.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on shares of SemGroup Corp in a report on Thursday, November 3rd. They set a “neutral” rating and a $34.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. SemGroup Corp has an average rating of “Hold” and an average price target of $37.75.
Shares of SemGroup Corp (NASDAQ:SEMG) opened at 35.65 on Monday. The stock’s 50 day moving average price is $33.48 and its 200-day moving average price is $31.95. SemGroup Corp has a 12 month low of $13.98 and a 12 month high of $36.16. The stock’s market capitalization is $2.36 billion.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Wednesday, November 16th.
Several institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in SemGroup Corp by 22.4% in the second quarter. Swiss National Bank now owns 86,441 shares of the company’s stock valued at $2,815,000 after buying an additional 15,841 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of SemGroup Corp during the second quarter worth about $2,017,000. California Public Employees Retirement System boosted its stake in shares of SemGroup Corp by 58.7% in the second quarter. California Public Employees Retirement System now owns 120,800 shares of the company’s stock worth $3,933,000 after buying an additional 44,700 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of SemGroup Corp by 136.1% in the second quarter. Jennison Associates LLC now owns 3,001,810 shares of the company’s stock worth $97,739,000 after buying an additional 1,730,300 shares in the last quarter. Finally, Chickasaw Capital Management LLC boosted its stake in shares of SemGroup Corp by 45.4% in the second quarter. Chickasaw Capital Management LLC now owns 6,131,877 shares of the company’s stock worth $199,654,000 after buying an additional 1,913,205 shares in the last quarter.
SemGroup Corp Company Profile
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