Nustar Energy L.P. (NYSE:NS) Earns Hold Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Nustar Energy L.P. (NYSE:NS) in a report issued on Friday, June 30th. The brokerage currently has a $46.00 target price on the pipeline company’s stock.

NS has been the subject of a number of other research reports. Wells Fargo & Company upgraded Nustar Energy L.P. from a market perform rating to an outperform rating in a research note on Friday, April 21st. BidaskClub downgraded Nustar Energy L.P. from a sell rating to a strong sell rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded Nustar Energy L.P. from a hold rating to a strong sell rating in a research note on Tuesday, June 27th. Macquarie initiated coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They set a neutral rating and a $47.00 price target for the company. Finally, Credit Suisse Group upgraded Nustar Energy L.P. from an underperform rating to a neutral rating in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Nustar Energy L.P. presently has an average rating of Hold and a consensus price target of $50.78.

Shares of Nustar Energy L.P. (NYSE:NS) traded down 2.74% on Friday, reaching $44.01. The company had a trading volume of 656,320 shares. The stock has a 50-day moving average price of $45.80 and a 200-day moving average price of $49.17. Nustar Energy L.P. has a 12 month low of $42.40 and a 12 month high of $55.64. The stock has a market cap of $4.09 billion, a PE ratio of 36.04 and a beta of 1.39.

Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.31. The company had revenue of $435.49 million for the quarter, compared to analyst estimates of $500.83 million. Nustar Energy L.P. had a net margin of 8.19% and a return on equity of 10.56%. Nustar Energy L.P.’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Analysts predict that Nustar Energy L.P. will post $1.67 earnings per share for the current fiscal year.

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The firm also recently announced a dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be paid a $1.095 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is presently 368.07%.

In other news, Director William Grady Rosier acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of $46.40 per share, for a total transaction of $232,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jesse D. Bates acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of $42.81 per share, for a total transaction of $42,810.00. Following the purchase, the director now 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 insiders.

A number of institutional investors have recently bought and sold shares of NS. Center Coast Capital Advisors LP increased its position in Nustar Energy L.P. by 0.3% in the second quarter. Center Coast Capital Advisors LP now owns 4,147,643 shares of the pipeline company’s stock valued at $193,405,000 after buying an additional 13,566 shares during the last quarter. Barnett & Company Inc. increased its position in Nustar Energy L.P. by 1.5% in the second quarter. Barnett & Company Inc. now owns 33,766 shares of the pipeline company’s stock valued at $1,575,000 after buying an additional 500 shares during the last quarter. Eagle Global Advisors LLC increased its position in Nustar Energy L.P. by 15,930.4% in the second quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock valued at $48,662,000 after buying an additional 1,037,070 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Nustar Energy L.P. by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 33,444 shares of the pipeline company’s stock worth $1,559,000 after buying an additional 1,755 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Nustar Energy L.P. by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 65,350 shares of the pipeline company’s stock worth $3,047,000 after buying an additional 2,020 shares during the last quarter. Institutional investors and hedge funds own 46.24% of the company’s stock.

Nustar Energy L.P. Company Profile

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.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

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