NuStar Energy L.P. (NYSE:NS) Plans None Dividend of $0.21

NuStar Energy L.P. (NYSE:NS) declared a None dividend on Monday, April 15th, NASDAQ reports. Investors of record on Friday, April 26th will be given a dividend of 0.212 per share by the pipeline company on Thursday, May 2nd. The ex-dividend date of this dividend is Thursday, April 25th.

NuStar Energy has decreased its dividend payment by an average of 3.9% annually over the last three years. NuStar Energy has a payout ratio of 103.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NuStar Energy to earn $1.21 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 132.2%.

NuStar Energy Price Performance

NS opened at $22.71 on Wednesday. The stock’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $20.32. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 31.99 and a beta of 1.70.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The business had revenue of $451.70 million for the quarter, compared to analyst estimates of $433.69 million. During the same period last year, the company earned $0.34 EPS. NuStar Energy’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts predict that NuStar Energy will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $18.00 to $21.00 in a report on Tuesday, January 23rd. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a report on Tuesday, February 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. StockNews.com assumed coverage on NuStar Energy in a report on Sunday. They issued a “buy” rating for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective (up previously from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.33.

About NuStar Energy

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.