Shares of NuStar Energy L.P. (NYSE:NS) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.43.
A number of research analysts have recently commented on NS shares. ValuEngine upgraded NuStar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Citigroup dropped their price target on NuStar Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, November 29th. Zacks Investment Research cut NuStar Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. JPMorgan Chase & Co. increased their price target on NuStar Energy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 24th. Finally, Stifel Nicolaus increased their price target on NuStar Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, August 15th.
NYSE NS traded up $0.26 on Friday, hitting $24.60. 529,941 shares of the company’s stock were exchanged, compared to its average volume of 530,686. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.87 and a quick ratio of 0.79. NuStar Energy has a 52 week low of $19.22 and a 52 week high of $35.91. The stock has a market capitalization of $2.61 billion, a PE ratio of 38.44 and a beta of 1.64.
NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $472.87 million. During the same period in the prior year, the company earned $0.15 EPS. NuStar Energy’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that NuStar Energy will post 1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Thursday, November 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date was Wednesday, November 7th. NuStar Energy’s payout ratio is 375.00%.
Institutional investors and hedge funds have recently made changes to their positions in the company. HRT Financial LLC bought a new position in shares of NuStar Energy in the 2nd quarter valued at $279,000. Bessemer Group Inc. bought a new position in NuStar Energy during the 2nd quarter worth $460,000. Virtu Financial LLC bought a new position in NuStar Energy during the 2nd quarter worth $318,000. US Bancorp DE raised its position in NuStar Energy by 89.5% during the 3rd quarter. US Bancorp DE now owns 20,559 shares of the pipeline company’s stock worth $571,000 after purchasing an additional 9,711 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in NuStar Energy by 3.6% during the 3rd quarter. Advisors Capital Management LLC now owns 76,880 shares of the pipeline company’s stock worth $2,137,000 after purchasing an additional 2,643 shares during the last quarter. Institutional investors own 58.78% of the company’s stock.
About NuStar Energy
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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