US Capital Advisors Analysts Decrease Earnings Estimates for NuStar Energy L.P. (NS)
NuStar Energy L.P. (NYSE:NS) – Research analysts at US Capital Advisors dropped their Q1 2017 earnings estimates for NuStar Energy L.P. in a research report issued on Wednesday. US Capital Advisors analyst J. Carreker now expects that the brokerage will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.54. US Capital Advisors also issued estimates for NuStar Energy L.P.’s FY2017 earnings at $1.99 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.33 EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of NuStar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 18th. Citigroup Inc cut shares of NuStar Energy L.P. from a “buy” rating to a “neutral” rating and set a $54.00 price target for the company. in a research note on Friday, February 3rd. FBR & Co reissued a “hold” rating and issued a $55.00 price target on shares of NuStar Energy L.P. in a research note on Wednesday, February 1st. Stifel Nicolaus cut shares of NuStar Energy L.P. from a “buy” rating to a “hold” rating and increased their price target for the company from $50.00 to $52.00 in a research note on Wednesday, February 1st. Finally, Barclays PLC increased their price target on shares of NuStar Energy L.P. from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. NuStar Energy L.P. presently has an average rating of “Hold” and a consensus target price of $51.20.
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NuStar Energy L.P. (NYSE:NS) opened at 50.71 on Monday. The company has a 50-day moving average of $53.25 and a 200-day moving average of $49.55. NuStar Energy L.P. has a 52 week low of $37.15 and a 52 week high of $55.64. The company has a market cap of $3.99 billion, a P/E ratio of 39.65 and a beta of 1.34.
NuStar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Tuesday, January 31st. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $0.85. The business earned $471.76 million during the quarter, compared to the consensus estimate of $465.76 million. NuStar Energy L.P. had a return on equity of 9.96% and a net margin of 8.54%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS.
Institutional investors have recently bought and sold shares of the company. Infrastructure Capital Advisors LLC bought a new position in NuStar Energy L.P. during the fourth quarter worth $337,000. CAMG Solamere Management LLC bought a new position in NuStar Energy L.P. during the fourth quarter worth $301,000. Ladenburg Thalmann Financial Services Inc. boosted its position in NuStar Energy L.P. by 2.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,522 shares of the company’s stock worth $773,000 after buying an additional 350 shares during the last quarter. GSA Capital Partners LLP boosted its position in NuStar Energy L.P. by 61.2% in the fourth quarter. GSA Capital Partners LLP now owns 20,392 shares of the company’s stock worth $1,016,000 after buying an additional 7,741 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in NuStar Energy L.P. by 180.4% in the fourth quarter. Renaissance Technologies LLC now owns 244,100 shares of the company’s stock worth $12,156,000 after buying an additional 157,041 shares during the last quarter. 49.93% of the stock is owned by hedge funds and other institutional investors.
In related news, Director William E. Greehey acquired 20,000 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was purchased at an average price of $54.03 per share, with a total value of $1,080,600.00. Following the transaction, the director now owns 3,074,163 shares of the company’s stock, valued at approximately $166,097,026.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company’s stock.
NuStar Energy L.P. Company Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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