NuStar Energy L.P. (NYSE:NS) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.00.
A number of analysts recently weighed in on NS shares. Zacks Investment Research upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, May 14th. ValuEngine upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. cut shares of NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a report on Wednesday, March 13th.
NYSE:NS traded up $0.61 during trading hours on Wednesday, reaching $26.59. 177,861 shares of the company’s stock were exchanged, compared to its average volume of 453,368. The stock has a market cap of $2.85 billion, a P/E ratio of 39.69, a P/E/G ratio of 17.36 and a beta of 1.61. NuStar Energy has a 12 month low of $19.81 and a 12 month high of $29.12. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a 50-day moving average price of $27.04.
NuStar Energy (NYSE:NS) last issued its earnings results on Friday, May 10th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.18). The business had revenue of $486.50 million for the quarter, compared to the consensus estimate of $542.91 million. NuStar Energy had a positive return on equity of 27.72% and a negative net margin of 10.05%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. On average, sell-side analysts forecast that NuStar Energy will post 1.53 EPS for the current year.
In other news, Director William E. Greehey acquired 68,075 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $28.38 per share, with a total value of $1,931,968.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its stake in shares of NuStar Energy by 1.6% during the 4th quarter. Hsbc Holdings PLC now owns 70,979 shares of the pipeline company’s stock valued at $1,485,000 after buying an additional 1,109 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of NuStar Energy by 28.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 167,942 shares of the pipeline company’s stock valued at $4,516,000 after buying an additional 37,004 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in shares of NuStar Energy by 14.5% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 3,339,960 shares of the pipeline company’s stock valued at $69,905,000 after buying an additional 421,881 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of NuStar Energy by 6.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after buying an additional 613 shares during the period. Finally, Covenant Multifamily Offices LLC acquired a new stake in shares of NuStar Energy during the 1st quarter valued at $193,000. 62.95% of the stock is owned by hedge funds and other institutional investors.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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.
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