Nustar Energy L.P. (NS) Sees Unusually-High Trading Volume
Shares of Nustar Energy L.P. (NYSE:NS) saw unusually-high trading volume on Monday . Approximately 69,975 shares changed hands during trading, a decline of 79% from the previous session’s volume of 338,280 shares.The stock last traded at $40.44 and had previously closed at $40.59.
Several equities analysts recently commented on NS shares. Zacks Investment Research downgraded Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $46.00 price target on shares of Nustar Energy L.P. in a research report on Friday, June 30th. BidaskClub cut Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine cut Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Nustar Energy L.P. has a consensus rating of “Hold” and a consensus price target of $51.11.
The firm has a market capitalization of $3.75 billion, a PE ratio of 55.44 and a beta of 1.40. The firm’s 50 day moving average price is $40.33 and its 200-day moving average price is $45.71.
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.28). The firm had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. Equities analysts anticipate that Nustar Energy L.P. will post $1.12 earnings per share for the current fiscal year.
In other Nustar Energy L.P. news, Director William E. Greehey bought 50,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average price of $41.86 per share, for a total transaction of $2,093,000.00. Following the completion of the transaction, the director now directly owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William E. Greehey bought 6,899 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired 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 $133,384,499.82. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 101,000 shares of company stock valued at $4,070,288. Company insiders own 4.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Nustar Energy L.P. by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after purchasing an additional 163 shares in the last quarter. Ffcm LLC grew its holdings in shares of Nustar Energy L.P. by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 1,683 shares during the last quarter. Botty Investors LLC bought a new stake in shares of Nustar Energy L.P. during the 2nd quarter valued at approximately $127,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Nustar Energy L.P. by 708.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock valued at $158,000 after purchasing an additional 2,832 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Nustar Energy L.P. by 210.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,451 shares during the last quarter. 56.69% of the stock is owned by hedge funds and other institutional investors.
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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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