Investors Buy Shares of NuStar Energy (NS) on Weakness

Traders purchased shares of NuStar Energy L.P. (NYSE:NS) on weakness during trading on Wednesday. $12.93 million flowed into the stock on the tick-up and $4.52 million flowed out of the stock on the tick-down, for a money net flow of $8.41 million into the stock. Of all equities tracked, NuStar Energy had the 30th highest net in-flow for the day. NuStar Energy traded down ($0.32) for the day and closed at $25.58

NS has been the subject of several research analyst reports. Zacks Investment Research upgraded NuStar Energy from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Wednesday, July 18th. US Capital Advisors restated a “hold” rating on shares of NuStar Energy in a report on Tuesday, July 17th. ValuEngine upgraded NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. Barclays raised their price target on NuStar Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Finally, Citigroup raised their price target on NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 39.97 and a beta of 1.73. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.70 and a quick ratio of 0.61.

NuStar Energy (NYSE:NS) last announced its earnings results on Monday, November 5th. The pipeline company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $472.87 million. NuStar Energy had a return on equity of 11.32% and a net margin of 11.83%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts forecast that NuStar Energy L.P. will post 1.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 8th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Wednesday, November 7th. NuStar Energy’s dividend payout ratio (DPR) is 375.00%.

Hedge funds have recently modified their holdings of the stock. Catawba Capital Management VA bought a new stake in shares of NuStar Energy during the 2nd quarter worth approximately $214,000. Prospera Financial Services Inc bought a new stake in shares of NuStar Energy during the 3rd quarter worth approximately $216,000. Chemical Bank bought a new stake in shares of NuStar Energy during the 3rd quarter worth approximately $218,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of NuStar Energy during the 3rd quarter worth approximately $229,000. Finally, HRT Financial LLC bought a new stake in shares of NuStar Energy during the 2nd quarter worth approximately $279,000. 48.67% of the stock is owned by hedge funds and other institutional investors.

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NuStar Energy Company Profile (NYSE:NS)

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

Further Reading: Calculate Your Return on Investment (ROI)

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