Somewhat Positive Press Coverage Extremely Likely to Impact Nustar Energy L.P. (NS) Share Price
Media headlines about Nustar Energy L.P. (NYSE:NS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nustar Energy L.P. earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 94 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Wells Fargo Downgrades NuStar Energy L.P. (NS) to Market Perform (streetinsider.com)
- What’s Behind NuStar Energy LP (NS)? Technical Indicators Under Review – Evergreen Caller (evergreencaller.com)
- The Brokerages Set Nustar GP Holdings, LLC (NSH) PT at $27.75 (nolopodrasdejardever.com)
- What Analysts Recommend for NuStar Energy (finance.yahoo.com)
- Does NuStar Energy’s Valuation Indicate a Buying Opportunity? (finance.yahoo.com)
Nustar Energy L.P. (NYSE NS) traded down 1.62% during midday trading on Monday, reaching $46.83. The company’s stock had a trading volume of 80,355 shares. Nustar Energy L.P. has a 52-week low of $42.40 and a 52-week high of $55.64. The firm has a 50 day moving average of $45.43 and a 200 day moving average of $49.62. The firm has a market cap of $4.36 billion, a P/E ratio of 38.35 and a beta of 1.39.
Nustar Energy L.P. (NYSE:NS) last posted its earnings results on Monday, April 24th. The pipeline company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.03. Nustar Energy L.P. had a net margin of 8.19% and a return on equity of 10.56%. The company had revenue of $487.40 million during the quarter, compared to the consensus estimate of $461.85 million. During the same quarter in the prior year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts anticipate that Nustar Energy L.P. will post $1.74 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on NS. Stifel Nicolaus restated a “hold” rating and issued a $46.00 target price on shares of Nustar Energy L.P. in a research note on Friday, June 30th. FBR & Co restated a “hold” rating on shares of Nustar Energy L.P. in a research note on Wednesday, April 12th. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday. Credit Suisse Group upgraded Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 13th. Finally, Macquarie began coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They issued a “neutral” rating and a $47.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.78.
In other Nustar Energy L.P. news, Director William Grady Rosier purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of $46.40 per share, with a total value of $232,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jesse D. Bates purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average cost of $42.81 per share, with a total value of $42,810.00. Following the completion of the transaction, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $334,688.58. The disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.
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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