Nustar Energy L.P. (NYSE:NS) had its price target decreased by Stifel Nicolaus from $42.00 to $35.00 in a research report released on Wednesday. Stifel Nicolaus currently has a hold rating on the pipeline company’s stock.
A number of other brokerages have also recently commented on NS. Wells Fargo & Company cut shares of Nustar Energy L.P. from an outperform rating to a market perform rating in a report on Monday, July 17th. BidaskClub lowered shares of Nustar Energy L.P. from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Mizuho reiterated a hold rating and issued a $47.00 price objective on shares of Nustar Energy L.P. in a research report on Friday, October 20th. UBS AG lowered their price objective on shares of Nustar Energy L.P. from $50.00 to $43.00 and set a buy rating on the stock in a research report on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Nustar Energy L.P. from a hold rating to a strong sell rating in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $42.56.
Nustar Energy L.P. (NS) traded up $0.15 during mid-day trading on Wednesday, reaching $31.73. 261,900 shares of the company’s stock were exchanged, compared to its average volume of 566,651. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 1.77. Nustar Energy L.P. has a 12 month low of $31.21 and a 12 month high of $55.64. The firm has a market capitalization of $2,951.94, a PE ratio of 83.50 and a beta of 1.32.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Nustar Energy L.P. had a return on equity of 6.89% and a net margin of 6.09%. The company had revenue of $440.60 million for the quarter, compared to analyst estimates of $413.81 million. During the same period in the previous year, the business posted $0.49 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts predict that Nustar Energy L.P. will post 0.88 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be given a dividend of $1.095 per share. The ex-dividend date is Wednesday, November 8th. This represents a $4.38 annualized dividend and a dividend yield of 13.80%. Nustar Energy L.P.’s payout ratio is currently 1,152.66%.
In other news, Director William E. Greehey bought 43,101 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the purchase, the director now owns 3,497,763 shares of the company’s stock, valued at approximately $135,328,450.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Greehey bought 6,899 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $38.61 per share, with a total value of $266,370.39. Following the purchase, the director now directly owns 3,454,662 shares in the company, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NS. Alliancebernstein L.P. raised its stake in Nustar Energy L.P. by 40.6% in the 1st quarter. Alliancebernstein L.P. now owns 15,832 shares of the pipeline company’s stock valued at $823,000 after purchasing an additional 4,572 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Nustar Energy L.P. by 281.7% during the 2nd quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock valued at $47,524,000 after acquiring an additional 752,185 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Nustar Energy L.P. by 250.7% during the 2nd quarter. Virtu Financial LLC now owns 41,676 shares of the pipeline company’s stock valued at $1,943,000 after acquiring an additional 29,793 shares during the last quarter. Adams Asset Advisors LLC increased its stake in shares of Nustar Energy L.P. by 4.5% during the 2nd quarter. Adams Asset Advisors LLC now owns 148,403 shares of the pipeline company’s stock valued at $6,920,000 after acquiring an additional 6,443 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Nustar Energy L.P. by 708.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock valued at $158,000 after acquiring an additional 2,832 shares during the last quarter. 56.47% of the stock is owned by hedge funds and other institutional investors.
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.
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