Stifel Nicolaus set a $26.00 target price on NuStar Energy (NYSE:NS) in a research report report published on Friday morning. The brokerage currently has a hold rating on the pipeline company’s stock.
A number of other research analysts have also commented on NS. UBS Group cut their price objective on shares of NuStar Energy from $50.00 to $43.00 and set a buy rating for the company in a research report on Tuesday, October 17th. Mizuho reaffirmed a hold rating and set a $47.00 price objective on shares of NuStar Energy in a research report on Friday, October 20th. Barclays cut their price objective on shares of NuStar Energy from $44.00 to $40.00 and set an equal weight rating for the company in a research report on Wednesday, November 8th. Wells Fargo & Co reaffirmed a market perform rating and set a $37.00 price objective (down previously from $42.00) on shares of NuStar Energy in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of NuStar Energy from a strong sell rating to a hold rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, ten 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 price target of $35.44.
NuStar Energy (NYSE:NS) opened at $23.99 on Friday. The firm has a market cap of $2,230.00, a price-to-earnings ratio of 34.77 and a beta of 1.19. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77. NuStar Energy has a 52-week low of $22.79 and a 52-week high of $54.90.
NuStar Energy (NYSE:NS) last released its earnings results on Thursday, February 8th. The pipeline company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.17). The firm had revenue of $450.50 million for the quarter, compared to analyst estimates of $435.46 million. NuStar Energy had a return on equity of 8.72% and a net margin of 8.16%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. equities analysts expect that NuStar Energy will post 1.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 8th will be given a dividend of $1.095 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 18.26%. The ex-dividend date is Wednesday, February 7th. NuStar Energy’s dividend payout ratio is currently 634.78%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in NuStar Energy by 42.2% in the second quarter. Ameriprise Financial Inc. now owns 17,282 shares of the pipeline company’s stock valued at $806,000 after acquiring an additional 5,131 shares during the period. Rockefeller Financial Services Inc. bought a new stake in NuStar Energy in the third quarter valued at about $765,000. ING Groep NV increased its stake in NuStar Energy by 95.8% in the third quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock valued at $20,072,000 after acquiring an additional 242,000 shares during the period. Adams Asset Advisors LLC increased its stake in NuStar Energy by 4.4% in the third quarter. Adams Asset Advisors LLC now owns 154,910 shares of the pipeline company’s stock valued at $6,287,000 after acquiring an additional 6,507 shares during the period. Finally, Bank of Montreal Can increased its stake in NuStar Energy by 25.7% in the fourth quarter. Bank of Montreal Can now owns 1,419,363 shares of the pipeline company’s stock valued at $42,510,000 after acquiring an additional 290,324 shares during the period. 57.53% of the stock is currently owned by institutional investors and hedge funds.
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About NuStar Energy
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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