Equities research analysts predict that SemGroup Corp (NYSE:SEMG) will announce $0.08 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SemGroup’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at ($0.03). SemGroup posted earnings per share of $0.03 in the same quarter last year, which would suggest a positive year-over-year growth rate of 166.7%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 27th.

According to Zacks, analysts expect that SemGroup will report full year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.60) to ($0.39). For the next year, analysts forecast that the business will post earnings of $0.57 per share, with EPS estimates ranging from ($0.27) to $1.17. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow SemGroup.

SEMG has been the subject of several research reports. Barclays set a $19.00 target price on SemGroup and gave the stock a “hold” rating in a research note on Wednesday, January 16th. Wells Fargo & Co reiterated a “hold” rating on shares of SemGroup in a research report on Tuesday, November 13th. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. ValuEngine downgraded SemGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Morgan Stanley lowered their price objective on SemGroup from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, November 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.22.

SEMG traded up $0.25 during midday trading on Wednesday, hitting $15.57. The stock had a trading volume of 17,007 shares, compared to its average volume of 1,126,388. The firm has a market cap of $1.21 billion, a P/E ratio of -64.25, a P/E/G ratio of 5.34 and a beta of 1.86. 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 1 year low of $12.86 and a 1 year high of $28.00.

In other SemGroup news, Director William J. Mcadam bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average price of $16.57 per share, for a total transaction of $248,550.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in SemGroup in the fourth quarter worth $50,000. Public Employees Retirement Association of Colorado boosted its position in shares of SemGroup by 69.3% during 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 last quarter. Private Advisor Group LLC purchased a new stake in shares of SemGroup during the third quarter valued at $212,000. Gator Capital Management LLC purchased a new stake in shares of SemGroup during the third quarter valued at $287,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of SemGroup by 207.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,371 shares of the pipeline company’s stock valued at $185,000 after buying an additional 9,018 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

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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Earnings History and Estimates for SemGroup (NYSE:SEMG)

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