Nustar Energy L.P. (NYSE:NS)‘s stock had its “hold” rating restated by equities research analysts at Mizuho in a research report issued on Friday. They presently have a $38.00 price objective on the pipeline company’s stock. Mizuho’s price objective indicates a potential upside of 19.76% from the stock’s previous close.

A number of other brokerages have also recently issued reports on NS. Wells Fargo & Company cut Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research raised Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut Nustar Energy L.P. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 target price on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Finally, UBS AG reaffirmed a “buy” rating and issued a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Nustar Energy L.P. has a consensus rating of “Hold” and an average price target of $42.56.

Nustar Energy L.P. (NS) opened at $31.73 on Friday. Nustar Energy L.P. has a fifty-two week low of $31.21 and a fifty-two week high of $55.64. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.31. The stock has a market capitalization of $2,937.98, a PE ratio of 83.11 and a beta of 1.32.

Nustar Energy L.P. (NYSE:NS) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Nustar Energy L.P. had a return on equity of 6.89% and a net margin of 6.09%. The firm had revenue of $440.60 million during the quarter, compared to analyst estimates of $413.81 million. During the same period in the previous year, the company earned $0.49 EPS. Nustar Energy L.P.’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts forecast that Nustar Energy L.P. will post 0.88 earnings per share for the current year.

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In related news, Director William E. Greehey purchased 6,899 shares of Nustar Energy L.P. stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the transaction, the director now owns 3,454,662 shares of the company’s stock, valued at approximately $133,384,499.82. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William E. Greehey purchased 43,101 shares of Nustar Energy L.P. stock in a transaction on Thursday, August 24th. The stock was bought at an average price of $38.69 per share, for a total transaction of $1,667,577.69. Following the transaction, the director now directly owns 3,497,763 shares in the company, valued at approximately $135,328,450.47. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NS. Tortoise Capital Advisors L.L.C. grew its position in shares of Nustar Energy L.P. by 213,865.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock valued at $201,041,000 after buying an additional 4,309,393 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Nustar Energy L.P. by 25.9% during the 2nd quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock valued at $269,182,000 after purchasing an additional 1,188,735 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of Nustar Energy L.P. by 15,930.4% during the 2nd quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock valued at $48,662,000 after purchasing an additional 1,037,070 shares in the last quarter. Center Coast Capital Advisors LP boosted its position in shares of Nustar Energy L.P. by 12.3% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock valued at $189,046,000 after purchasing an additional 509,808 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position in shares of Nustar Energy L.P. by 75.9% during the 2nd quarter. Atlantic Trust Group LLC now owns 1,148,846 shares of the pipeline company’s stock valued at $53,571,000 after purchasing an additional 495,573 shares in the last quarter. Hedge funds and other institutional investors own 56.47% 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 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.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

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