Wall Street analysts expect NuStar Energy L.P. (NYSE:NS) to report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NuStar Energy’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.33. NuStar Energy reported earnings of $0.15 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.7%. The business is scheduled to report its next earnings report on Tuesday, November 6th.
On average, analysts expect that NuStar Energy will report full-year earnings of $1.91 per share for the current financial year. For the next fiscal year, analysts expect that the business will post earnings of $1.02 per share, with EPS estimates ranging from ($0.09) to $1.85. Zacks’ EPS averages are an average based on a survey of analysts that cover NuStar Energy.
NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). NuStar Energy had a return on equity of 11.32% and a net margin of 11.83%. The company had revenue of $486.20 million for the quarter, compared to the consensus estimate of $479.32 million. During the same quarter last year, the business earned $0.05 earnings per share. NuStar Energy’s revenue was up 11.6% compared to the same quarter last year.
A number of brokerages have recently issued reports on NS. JPMorgan Chase & Co. raised their price objective on NuStar Energy from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 24th. Stifel Nicolaus raised their price objective on NuStar Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded NuStar Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Barclays raised their price objective on NuStar Energy from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 8th. Finally, Citigroup raised their price objective on NuStar Energy from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.00.
Shares of NS opened at $27.20 on Tuesday. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $41.65. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 1.99. The stock has a market cap of $2.95 billion, a PE ratio of 42.50 and a beta of 1.68.
In other NuStar Energy news, Director William E. Greehey bought 413,736 shares of the stock in a transaction on Tuesday, June 26th. The stock was acquired at an average cost of $24.17 per share, for a total transaction of $9,999,999.12. Following the completion of the acquisition, the director now owns 3,486,869 shares in the company, valued at approximately $84,277,623.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Catawba Capital Management VA bought a new stake in NuStar Energy in the second quarter worth approximately $214,000. RMB Capital Management LLC bought a new stake in NuStar Energy in the first quarter worth approximately $201,000. Kovack Advisors Inc. increased its holdings in NuStar Energy by 74.0% in the first quarter. Kovack Advisors Inc. now owns 11,974 shares of the pipeline company’s stock worth $244,000 after purchasing an additional 5,094 shares in the last quarter. HRT Financial LLC bought a new stake in NuStar Energy in the second quarter worth approximately $279,000. Finally, Virtu Financial LLC bought a new stake in NuStar Energy in the second quarter worth approximately $318,000. Institutional investors and hedge funds own 46.52% 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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