Nustar Energy L.P. (NYSE:NS)‘s stock had its “hold” rating reiterated by Mizuho in a research note issued to investors on Friday, October 20th. They presently have a $47.00 price objective on the pipeline company’s stock. Mizuho’s price objective indicates a potential upside of 36.63% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $46.00 price objective on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Zacks Investment Research cut Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. BidaskClub cut Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and issued a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Finally, ValuEngine cut Nustar Energy L.P. from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.33.
Shares of Nustar Energy L.P. (NYSE NS) opened at 34.40 on Friday. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 47.25 and a beta of 1.40. The company’s 50-day moving average price is $38.81 and its 200 day moving average price is $43.19. Nustar Energy L.P. has a 12-month low of $32.64 and a 12-month high of $55.64.
Nustar Energy L.P. (NYSE:NS) last announced its earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.28). The company had revenue of $435.49 million for the quarter, compared to analyst estimates of $500.83 million. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. Nustar Energy L.P.’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. On average, equities analysts predict that Nustar Energy L.P. will post $1.09 earnings per share for the current year.
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In other news, Director Jesse D. Bates bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the acquisition, the director now directly owns 7,818 shares in the company, valued at $338,832.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Greehey bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $41.86 per share, for a total transaction of $2,093,000.00. Following the acquisition, the director now owns 3,421,776 shares of the company’s stock, valued at $143,235,543.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 101,000 shares of company stock valued at $4,070,288. Insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Keybank National Association OH increased its holdings in shares of Nustar Energy L.P. by 1.5% in the second quarter. Keybank National Association OH now owns 6,777 shares of the pipeline company’s stock valued at $316,000 after buying an additional 102 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Nustar Energy L.P. by 1.3% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 8,219 shares of the pipeline company’s stock valued at $383,000 after purchasing an additional 104 shares during the period. Bahl & Gaynor Inc. raised its stake in Nustar Energy L.P. by 0.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 19,623 shares of the pipeline company’s stock valued at $977,000 after purchasing an additional 107 shares during the period. McQueen Ball & Associates Inc. raised its stake in Nustar Energy L.P. by 2.3% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 5,361 shares of the pipeline company’s stock valued at $250,000 after purchasing an additional 122 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in Nustar Energy L.P. by 2.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock valued at $360,000 after purchasing an additional 150 shares during the period. 56.82% of the stock is currently owned by institutional investors.
Nustar Energy L.P. Company Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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