NuStar Energy L.P. (NYSE:NS) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.50.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a research note on Wednesday, March 13th. Zacks Investment Research lowered shares of NuStar Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine upgraded shares of NuStar Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. US Capital Advisors restated a “hold” rating on shares of NuStar Energy in a research report on Wednesday, January 16th. Finally, Bank of America initiated coverage on shares of NuStar Energy in a research report on Friday, January 11th. They set a “neutral” rating and a $27.00 price target for the company.

In related news, SVP Michael Truby sold 6,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $26.95, for a total transaction of $161,700.00. Following the completion of the transaction, the senior vice president now owns 45,043 shares in the company, valued at $1,213,908.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Thomas R. Shoaf sold 7,044 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $26.50, for a total transaction of $186,666.00. Following the transaction, the chief financial officer now owns 83,389 shares of the company’s stock, valued at approximately $2,209,808.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,424 shares of company stock valued at $514,283. 8.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC lifted its holdings in NuStar Energy by 6.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after purchasing an additional 613 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NuStar Energy by 1.6% in the fourth quarter. Hsbc Holdings PLC now owns 70,979 shares of the pipeline company’s stock worth $1,485,000 after buying an additional 1,109 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of NuStar Energy in the fourth quarter worth about $38,000. TVR Capital Management LP lifted its holdings in shares of NuStar Energy by 3.1% in the third quarter. TVR Capital Management LP now owns 92,518 shares of the pipeline company’s stock worth $2,572,000 after buying an additional 2,759 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of NuStar Energy by 1,651.1% in the third quarter. Captrust Financial Advisors now owns 9,631 shares of the pipeline company’s stock worth $268,000 after buying an additional 9,081 shares in the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

NS traded up $0.13 during trading on Friday, hitting $27.49. 6,302 shares of the company’s stock were exchanged, compared to its average volume of 471,291. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.38. NuStar Energy has a fifty-two week low of $19.81 and a fifty-two week high of $29.12. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 40.85 and a beta of 1.78.

NuStar Energy (NYSE:NS) last posted its earnings results on Thursday, January 31st. The pipeline company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.07). NuStar Energy had a return on equity of 34.39% and a net margin of 10.49%. The firm had revenue of $509.31 million during the quarter, compared to the consensus estimate of $463.69 million. As a group, equities analysts forecast that NuStar Energy will post 1.11 earnings per share for the current fiscal year.

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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