|Bid||29.55 x 700|
|Ask||29.65 x 1100|
|Day's range||29.45 - 30.10|
|52-week range||21.35 - 42.40|
|PE ratio (TTM)||N/A|
|Earnings date||21 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||1.80 (6.09%)|
|1y target est||31.22|
TULSA, Okla., Jan. 18, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) is scheduled to attend the U.S. Capital Advisors Midstream Corporate Access Day in Houston, Texas, on Tuesday, Jan. 23, 2018.
SemGroup® Corporation (NYSE:SEMG) today announced that it has entered into an agreement for the private placement of $350 million of newly authorized 7% Series A Convertible Preferred Shares (the “Preferred Shares”) at a price of $1,000 per share with approximately 350,000 Preferred Shares to be outstanding at the closing of the private placement. The Preferred Shares are convertible into SemGroup common stock based on a conversion price of $33.00 per share after 18 months, at the purchasers’ option, and after three years at SemGroup’s option, subject to certain conditions. The Preferred Shares will pay quarterly dividends which, at SemGroup’s option, may be paid in additional Preferred Shares in respect of any fiscal quarter ending on or prior to June 30, 2020.
SemGroup® Corporation (NYSE:SEMG) today announced that it has reached an agreement to sell its asphalt business, SemMaterials México, to Ergon Asfaltos México HC, LLC, for an estimated $70 million including a reimbursement of approximately $15 million of net working capital, subject to customary post-closing adjustments. SemGroup intends to use proceeds from the sale toward its capital raise plan associated with the acquisition of Houston Fuel Oil Terminal Company (HFOTCO) and to pre-fund capital growth projects. “Divesting these non-core legacy assets is an important step as we raise capital and clearly define our portfolio of uniquely-advantaged midstream services on the Gulf Coast, Mid-Continent and in Canada,” said SemGroup President and Chief Executive Officer Carlin Conner.
TULSA, Okla., Jan. 02, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) will attend the UBS MLP One-on-One Conference in Park City, Utah on Tuesday, Jan. 9 and Wednesday, Jan. 10.
SemGroup® Corporation (NYSE:SEMG) today announced that it has completed the sale of its 50 percent interest in Glass Mountain Pipeline, LLC to a fund managed by BlackRock Real Assets in partnership with Navigator Energy Services for $300 million subject to customary post-closing adjustments. “We are extremely pleased with the valuation of the Glass Mountain sale, which represents a significant step in our capital raise plan to fund the final payment for the acquisition of Houston Fuel Oil Terminal Company,” said SemGroup President and Chief Executive Officer Carlin Conner. SemGroup subsidiary Rose Rock Midstream will continue as the pipeline operator for a period of time following closing.
SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has signed 15-year gas processing agreements with Murphy Oil Company Ltd., a wholly owned subsidiary of Murphy Oil Corporation (NYSE:MUR) and Athabasca Oil Corporation (TSX:ATH). The agreements establish long-term relationships with two active operators developing the Duvernay and Montney in the Kaybob area.
The Tulsa, Oklahoma-based company said it had a loss of 25 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share. The petroleum pipeline and storage company posted revenue ...