Nustar Energy L.P. (NS) Earns Market Perform Rating from Wells Fargo & Company

Wells Fargo & Company reissued their market perform rating on shares of Nustar Energy L.P. (NYSE:NS) in a research report sent to investors on Thursday morning, The Fly reports. Wells Fargo & Company currently has a $37.00 price objective on the pipeline company’s stock, down from their previous price objective of $42.00. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently weighed in on the stock. UBS AG reduced their price target on shares of Nustar Energy L.P. from $50.00 to $43.00 and set a buy rating for the company in a research report on Tuesday, October 17th. Mizuho reissued a hold rating and set a $47.00 price target on shares of Nustar Energy L.P. in a research report on Friday, October 20th. Stifel Nicolaus reissued a hold rating and set a $42.00 price target on shares of Nustar Energy L.P. in a research report on Thursday, October 12th. Citigroup Inc. reduced their price target on shares of Nustar Energy L.P. from $51.00 to $42.00 and set a neutral rating for the company in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Nustar Energy L.P. from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $42.56.

Shares of Nustar Energy L.P. (NS) traded up $0.15 on Thursday, hitting $31.73. 261,900 shares of the company traded hands, compared to its average volume of 566,651. The company has a market capitalization of $2,951.94, a P/E ratio of 83.50 and a beta of 1.32. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.77. Nustar Energy L.P. has a 12 month low of $31.21 and a 12 month high of $55.64.

Nustar Energy L.P. (NYSE:NS) last announced its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.12). The firm had revenue of $440.60 million for the quarter, compared to the consensus estimate of $413.81 million. Nustar Energy L.P. had a net margin of 6.09% and a return on equity of 6.89%. Nustar Energy L.P.’s revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. equities analysts predict that Nustar Energy L.P. will post 0.88 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Thursday, November 9th will be issued a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 13.80%. The ex-dividend date is Wednesday, November 8th. Nustar Energy L.P.’s dividend payout ratio is currently 1,152.66%.

In related news, Director William E. Greehey bought 6,899 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the completion of the acquisition, the director now owns 3,454,662 shares of the company’s stock, valued at approximately $133,384,499.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William E. Greehey bought 43,101 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of $38.69 per share, for a total transaction of $1,667,577.69. Following the acquisition, the director now directly owns 3,497,763 shares of the company’s stock, valued at approximately $135,328,450.47. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of NS. The Manufacturers Life Insurance Company boosted its holdings in Nustar Energy L.P. by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after purchasing an additional 163 shares during the last quarter. Ffcm LLC boosted its stake in shares of Nustar Energy L.P. by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 1,683 shares during the last quarter. Botty Investors LLC purchased a new position in shares of Nustar Energy L.P. during the 2nd quarter worth $127,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Nustar Energy L.P. by 708.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after acquiring an additional 2,832 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Nustar Energy L.P. by 210.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 2,451 shares during the last quarter. Institutional investors own 56.47% of the company’s stock.

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.

The Fly

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

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