Nustar Energy L.P. (NS) Given Average Recommendation of “Hold” by Analysts
Nustar Energy L.P. (NYSE:NS) has received a consensus rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $50.29.
A number of brokerages have recently issued reports on NS. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus decreased their target price on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, April 25th. Zacks Investment Research upgraded Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company upgraded Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. Finally, UBS AG reiterated a “buy” rating and set a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st.
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In related news, Director Jesse D. Bates purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $42.81 per share, for a total transaction of $42,810.00. Following the acquisition, the director now directly owns 7,818 shares in the company, valued at $334,688.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Greehey purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $41.86 per share, with a total value of $2,093,000.00. Following the acquisition, the director now owns 3,421,776 shares in the company, valued at $143,235,543.36. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 57,000 shares of company stock valued at $2,411,150. 4.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC boosted its position in Nustar Energy L.P. by 230.9% in the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares in the last quarter. Botty Investors LLC acquired a new position in Nustar Energy L.P. during the second quarter valued at approximately $127,000. Winslow Evans & Crocker Inc. boosted its position in Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock valued at $158,000 after buying an additional 2,832 shares during the period. Penserra Capital Management LLC boosted its position in Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock valued at $168,000 after buying an additional 2,451 shares during the period. Finally, Sigma Planning Corp acquired a new position in Nustar Energy L.P. during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 52.47% of the company’s stock.
Nustar Energy L.P. (NYSE NS) traded down 0.41% during midday trading on Friday, reaching $40.92. 346,941 shares of the company traded hands. The firm has a market capitalization of $3.81 billion, a PE ratio of 57.55 and a beta of 1.38. The company’s 50-day moving average price is $45.13 and its 200 day moving average price is $48.47. Nustar Energy L.P. has a 12 month low of $40.75 and a 12 month high of $55.64.
Nustar Energy L.P. (NYSE:NS) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.28. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The firm had revenue of $435.49 million for the quarter, compared to analysts’ expectations of $500.83 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Nustar Energy L.P. will post $1.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.095 dividend. This represents a $4.38 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio is presently 608.33%.
Nustar Energy L.P. Company Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s 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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