Why Nustar Energy L.P. (NYSE:NS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $50.71 on Nustar Energy L.P. (NYSE:NS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.16 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Nustar Energy L.P. (NYSE:NS) stands at 20.31.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Nustar Energy L.P. Common Unit, the PEG ratio for coming 3-5 years is -2.24.

Technical Analysis

The technical analysis highlights that Nustar Energy L.P. Common Unit current is trading $-0.83 points away or -1.70% from its 50-day moving average of $48.74. Further it is trading $2.22 or +4.85% away its 200-day moving average of $45.69.

The 52-week high of Nustar Energy L.P. (NYSE:NS) was $53.47 while lowest point recorded in 52-week was $25.65. It implies if stock price makes a movement of over $-5.56, it will record a new 52-week high. In the case of +86.78% drop, it will touch a new 52-week low.

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