TheStreet Lowers NuStar Energy (NYSE:NS) to D+

TheStreet lowered shares of NuStar Energy (NYSE:NS) from a c- rating to a d+ rating in a research report report published on Tuesday morning, TheStreetRatingsTable reports.

Several other research firms also recently weighed in on NS. ValuEngine raised NuStar Energy from a sell rating to a hold rating in a research note on Thursday, May 7th. Wells Fargo & Co dropped their price objective on NuStar Energy from $18.00 to $16.00 and set an equal weight rating for the company in a research note on Tuesday, April 14th. Citigroup raised NuStar Energy from a neutral rating to a buy rating and dropped their price objective for the company from $29.00 to $16.00 in a research note on Wednesday, March 11th. Mizuho dropped their price objective on NuStar Energy from $33.00 to $14.00 and set a neutral rating for the company in a research note on Monday, April 6th. Finally, UBS Group raised their price objective on NuStar Energy from $12.00 to $13.00 and gave the company a buy rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $17.80.

Shares of NS stock opened at $15.96 on Tuesday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -14.92 and a beta of 2.38. The stock has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $21.00. NuStar Energy has a 12-month low of $4.98 and a 12-month high of $30.06. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 4.49.

NuStar Energy (NYSE:NS) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). NuStar Energy had a return on equity of 23.62% and a net margin of 1.59%. The business had revenue of $392.79 million for the quarter, compared to analysts’ expectations of $421.13 million. During the same period last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts forecast that NuStar Energy will post 1.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date was Friday, May 8th. NuStar Energy’s dividend payout ratio (DPR) is presently 57.76%.

In related news, Director Robert J. Munch bought 4,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $13.73 per share, for a total transaction of $54,920.00. Following the acquisition, the director now owns 19,213 shares in the company, valued at $263,794.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Greehey acquired 70,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $6.77 per share, for a total transaction of $473,900.00. Following the acquisition, the director now directly owns 9,895,530 shares of the company’s stock, valued at $66,992,738.10. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 86,645 shares of company stock worth $624,923. 9.50% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of NuStar Energy by 60.6% during the first quarter. Pacer Advisors Inc. now owns 4,090 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,544 shares during the last quarter. Firestone Capital Management acquired a new stake in shares of NuStar Energy during the fourth quarter worth $75,000. Van ECK Associates Corp acquired a new stake in shares of NuStar Energy during the first quarter worth $77,000. Advisory Services Network LLC boosted its holdings in shares of NuStar Energy by 280.6% during the fourth quarter. Advisory Services Network LLC now owns 3,007 shares of the pipeline company’s stock worth $78,000 after purchasing an additional 2,217 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of NuStar Energy by 9.1% during the first quarter. Avantax Advisory Services Inc. now owns 10,202 shares of the pipeline company’s stock worth $89,000 after purchasing an additional 849 shares during the last quarter. Institutional investors and hedge funds own 65.59% of the company’s stock.

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.

Further Reading: Limitations of the P/E Growth ratio

Analyst Recommendations for NuStar Energy (NYSE:NS)

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