Bank of America assumed coverage on shares of NuStar Energy (NYSE:NS) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $27.00 target price on the pipeline company’s stock.

A number of other equities analysts have also commented on NS. Zacks Investment Research lowered shares of NuStar Energy from a buy rating to a hold rating in a research note on Wednesday, November 14th. UBS Group lowered shares of NuStar Energy from a buy rating to a neutral rating in a research note on Thursday. ValuEngine raised shares of NuStar Energy from a sell rating to a hold rating in a research note on Wednesday, November 7th. Finally, Citigroup decreased their price objective on shares of NuStar Energy from $27.00 to $25.00 and set a neutral rating for the company in a research note on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $26.44.

NS stock opened at $25.00 on Friday. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $35.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.79 and a current ratio of 0.87. The company has a market capitalization of $2.71 billion, a P/E ratio of 39.06 and a beta of 1.61.

NuStar Energy (NYSE:NS) last posted its earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $472.87 million. During the same quarter in the prior year, the company earned $0.15 EPS. NuStar Energy’s revenue was up 11.3% on a year-over-year basis. Analysts expect that NuStar Energy will post 1.56 earnings per share for the current year.

In other news, Director Dan J. Hill bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 24th. The shares were purchased at an average price of $20.73 per share, for a total transaction of $41,460.00. Following the acquisition, the director now directly owns 38,631 shares of the company’s stock, valued at approximately $800,820.63. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Greehey bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average price of $22.98 per share, for a total transaction of $2,298,000.00. Following the acquisition, the director now directly owns 9,058,682 shares in the company, valued at $208,168,512.36. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. raised its holdings in NuStar Energy by 32.3% in the 3rd quarter. OppenheimerFunds Inc. now owns 11,781,549 shares of the pipeline company’s stock worth $327,527,000 after acquiring an additional 2,873,964 shares during the period. Alps Advisors Inc. raised its holdings in NuStar Energy by 31.4% in the 3rd quarter. Alps Advisors Inc. now owns 8,621,448 shares of the pipeline company’s stock worth $239,676,000 after acquiring an additional 2,057,744 shares during the period. Neuberger Berman Group LLC raised its holdings in NuStar Energy by 345.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,033,745 shares of the pipeline company’s stock worth $84,339,000 after acquiring an additional 2,352,353 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in NuStar Energy by 18.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 2,918,079 shares of the pipeline company’s stock worth $81,123,000 after acquiring an additional 461,705 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in NuStar Energy in the 3rd quarter worth $36,035,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. 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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