Shares of NuStar Energy L.P. (NYSE:NS) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.00.

NS has been the topic of a number of research reports. Mizuho initiated coverage on NuStar Energy in a research note on Friday, August 2nd. They issued a “neutral” rating and a $32.00 price objective on the stock. Zacks Investment Research cut NuStar Energy from a “buy” rating to a “hold” rating in a research note on Monday, May 20th.

Hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc grew its holdings in NuStar Energy by 277.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,110 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of NuStar Energy during the second quarter worth about $50,000. Covenant Multifamily Offices LLC purchased a new position in shares of NuStar Energy during the first quarter worth about $193,000. Seven Post Investment Office LP purchased a new position in shares of NuStar Energy during the first quarter worth about $207,000. Finally, Independent Advisor Alliance purchased a new position in shares of NuStar Energy during the first quarter worth about $223,000. 63.14% of the stock is owned by institutional investors and hedge funds.

NuStar Energy stock traded up $0.20 during midday trading on Thursday, reaching $27.30. The stock had a trading volume of 392,806 shares, compared to its average volume of 447,864. NuStar Energy has a 12 month low of $19.81 and a 12 month high of $29.53. The business has a 50-day moving average of $27.88. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 17.54 and a beta of 1.55. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 28.30%. The firm had revenue of $372.45 million during the quarter, compared to the consensus estimate of $474.77 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that NuStar Energy will post 1.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend is Tuesday, August 6th. NuStar Energy’s payout ratio is presently 358.21%.

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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Analyst Recommendations for NuStar Energy (NYSE:NS)

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