NuStar Energy L.P. (NS) Receives Average Rating of “Hold” from Brokerages

Shares of NuStar Energy L.P. (NYSE:NS) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.00.

Several equities analysts recently weighed in on the stock. Barclays cut their price objective on shares of NuStar Energy from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Mizuho reaffirmed a “hold” rating and set a $24.00 price objective on shares of NuStar Energy in a research report on Wednesday, April 11th. Stifel Nicolaus set a $26.00 price objective on shares of NuStar Energy and gave the company a “hold” rating in a research report on Friday, February 9th. Citigroup cut their price objective on shares of NuStar Energy from $33.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered shares of NuStar Energy from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th.

Shares of NS opened at $21.53 on Friday. The company has a market cap of $2,036.96, a P/E ratio of 33.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.34 and a current ratio of 0.38. NuStar Energy has a twelve month low of $19.22 and a twelve month high of $49.21.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.17). The business had revenue of $450.50 million for the quarter, compared to the consensus estimate of $435.46 million. NuStar Energy had a net margin of 8.16% and a return on equity of 7.82%. NuStar Energy’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. analysts predict that NuStar Energy will post 1.57 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in NS. The Manufacturers Life Insurance Company grew its holdings in NuStar Energy by 7.3% during the second 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 during the last quarter. Wells Fargo & Company MN grew its holdings in NuStar Energy by 1.0% during the third 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 during the last quarter. Neuberger Berman Group LLC grew its stake in shares of NuStar Energy by 4.7% in the third quarter. Neuberger Berman Group LLC now owns 897,517 shares of the pipeline company’s stock worth $36,430,000 after acquiring an additional 40,264 shares during the last quarter. Atlantic Trust Group LLC grew its stake in shares of NuStar Energy by 25.1% in the third quarter. Atlantic Trust Group LLC now owns 1,437,051 shares of the pipeline company’s stock worth $58,331,000 after acquiring an additional 288,205 shares during the last quarter. Finally, Adams Asset Advisors LLC grew its stake in shares of NuStar Energy by 19.9% in the fourth quarter. Adams Asset Advisors LLC now owns 185,750 shares of the pipeline company’s stock worth $5,563,000 after acquiring an additional 30,840 shares during the last quarter. Institutional investors own 60.09% of the company’s stock.

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NuStar Energy 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 (NYSE:NS)

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