Nustar Energy L.P. (NS) Raised to Sell at BidaskClub
BidaskClub upgraded shares of Nustar Energy L.P. (NYSE:NS) from a strong sell rating to a sell rating in a report published on Saturday.
NS has been the subject of a number of other research reports. Zacks Investment Research downgraded Nustar Energy L.P. from a hold rating to a strong sell rating in a report on Tuesday, June 27th. Stifel Nicolaus reissued a hold rating and set a $46.00 target price on shares of Nustar Energy L.P. in a report on Friday, June 30th. Wells Fargo & Company downgraded Nustar Energy L.P. from an outperform rating to a market perform rating in a report on Monday, July 17th. Finally, UBS AG reissued 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $51.00.
Shares of Nustar Energy L.P. (NS) opened at 39.00 on Friday. The stock has a market cap of $3.63 billion, a P/E ratio of 53.57 and a beta of 1.38. Nustar Energy L.P. has a 1-year low of $37.30 and a 1-year high of $55.64. The company’s 50-day moving average is $43.14 and its 200 day moving average is $47.32.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 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 company had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that Nustar Energy L.P. will post $1.19 EPS for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were paid a $1.095 dividend. This represents a $4.38 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.
In related news, Director William E. Greehey purchased 43,101 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the completion of the purchase, the director now directly owns 3,497,763 shares in the company, valued at $135,328,450.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jesse D. Bates purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $43.34 per share, with a total value of $43,340.00. Following the purchase, the director now owns 7,818 shares of the company’s stock, valued at $338,832.12. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 102,000 shares of company stock valued at $4,113,098. 4.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Nustar Energy L.P. by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after buying an additional 163 shares during the period. Ffcm LLC increased 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 during the period. Botty Investors LLC bought a new position in Nustar Energy L.P. during the second quarter worth approximately $127,000. Winslow Evans & Crocker Inc. increased 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 worth $158,000 after buying an additional 2,832 shares during the period. Finally, Penserra Capital Management LLC increased 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 worth $168,000 after buying an additional 2,451 shares during the period. 56.73% of the stock is owned by institutional investors and hedge funds.
About Nustar Energy L.P.
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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