NuStar Energy L.P. (NYSE:NS) – Stock analysts at US Capital Advisors upped their Q1 2018 earnings per share estimates for NuStar Energy in a report issued on Friday, April 6th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $1.26 per share for the quarter, up from their previous estimate of $1.09. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for NuStar Energy’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.09 EPS.
NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.00 EPS 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 analysts’ expectations of $435.46 million. NuStar Energy had a return on equity of 7.82% and a net margin of 8.16%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Other equities analysts also recently issued research reports about the stock. Citigroup cut their price objective on shares of NuStar Energy from $33.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. B. Riley set a $31.00 price objective on shares of NuStar Energy and gave the stock a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, JPMorgan Chase cut their price target on shares of NuStar Energy from $34.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
Shares of NuStar Energy stock opened at $19.88 on Monday. The firm has a market cap of $1,859.91, a price-to-earnings ratio of 31.06 and a beta of 1.46. The company has a quick ratio of 0.34, a current ratio of 0.38 and a debt-to-equity ratio of 1.32. NuStar Energy has a one year low of $19.22 and a one year high of $51.89.
Several institutional investors and hedge funds have recently made changes to their positions in NS. The Manufacturers Life Insurance Company increased its holdings in shares of NuStar Energy by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after purchasing an additional 163 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of NuStar Energy in the 3rd quarter valued at about $217,000. Wells Fargo & Company MN increased its holdings in shares of NuStar Energy by 1.0% in the 3rd quarter. Wells Fargo & Company MN now owns 172,370 shares of the pipeline company’s stock valued at $6,997,000 after purchasing an additional 1,679 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of NuStar Energy by 4.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 897,517 shares of the pipeline company’s stock valued at $36,430,000 after purchasing an additional 40,264 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in shares of NuStar Energy by 2.0% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,395,490 shares of the pipeline company’s stock valued at $178,413,000 after purchasing an additional 84,082 shares in the last quarter. Institutional investors and hedge funds own 60.10% of the company’s stock.
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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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