Nustar Energy L.P. (NS) Given Average Rating of “Hold” by Analysts

Shares of Nustar Energy L.P. (NYSE:NS) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $46.14.

Several brokerages recently commented on NS. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub lowered Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and set a $46.00 target price on shares of Nustar Energy L.P. in a research report on Friday, June 30th. Finally, UBS Group AG restated a “buy” rating and set a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st.

Nustar Energy L.P. (NS) opened at 33.47 on Friday. The stock’s 50 day moving average price is $39.18 and its 200 day moving average price is $43.38. The company has a market cap of $3.11 billion, a PE ratio of 45.98 and a beta of 1.40. 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 the consensus estimate of $0.33 by ($0.28). Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The business had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Nustar Energy L.P. will post $1.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be issued a $1.095 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $4.38 annualized dividend and a yield of 13.09%. Nustar Energy L.P.’s payout ratio is currently 608.33%.

In related news, Director William E. Greehey bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $41.86 per share, for a total transaction of $2,093,000.00. Following the completion of the acquisition, the director now directly owns 3,421,776 shares of the company’s stock, valued at $143,235,543.36. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jesse D. Bates bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $43.34 per share, for a total transaction of $43,340.00. Following the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 101,000 shares of company stock worth $4,070,288. Corporate insiders own 4.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of NS. Alliancebernstein L.P. lifted its holdings in shares of Nustar Energy L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 15,832 shares of the pipeline company’s stock valued at $823,000 after purchasing an additional 4,572 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Nustar Energy L.P. by 37.4% in the first quarter. Bank of America Corp DE now owns 380,939 shares of the pipeline company’s stock valued at $19,802,000 after purchasing an additional 103,616 shares in the last quarter. McQueen Ball & Associates Inc. lifted its holdings in shares of Nustar Energy L.P. by 2.3% in the second 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 in the last quarter. Bank of Montreal Can lifted its holdings in shares of Nustar Energy L.P. by 281.7% in the second quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock valued at $47,524,000 after purchasing an additional 752,185 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of Nustar Energy L.P. by 250.7% in the second quarter. Virtu Financial LLC now owns 41,676 shares of the pipeline company’s stock valued at $1,943,000 after purchasing an additional 29,793 shares in the last quarter. Institutional investors own 56.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Nustar Energy L.P. (NS) Given Average Rating of “Hold” by Analysts” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/11/nustar-energy-l-p-ns-given-average-rating-of-hold-by-analysts.html.

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.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

Receive News & Ratings for Nustar Energy L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nustar Energy L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply