NuStar Energy L.P. (NYSE:NS) Receives Consensus Rating of “Hold” from Brokerages
Shares of NuStar Energy L.P. (NYSE:NS – Get Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.14.
A number of equities analysts recently weighed in on NS shares. Citigroup began coverage on NuStar Energy in a report on Friday, October 6th. They issued a “neutral” rating and a $17.00 price target for the company. Stifel Nicolaus cut their price target on shares of NuStar Energy from $21.00 to $20.00 in a report on Friday, August 11th. Finally, StockNews.com began coverage on shares of NuStar Energy in a report on Thursday, October 5th. They set a “buy” rating on the stock.
Check Out Our Latest Research Report on NS
Institutional Investors Weigh In On NuStar Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in NuStar Energy by 44.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,939 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Clear Street Markets LLC purchased a new position in NuStar Energy in the fourth quarter worth approximately $34,000. Steward Partners Investment Advisory LLC grew its position in NuStar Energy by 1,610.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock worth $49,000 after acquiring an additional 2,898 shares during the period. Tower Research Capital LLC TRC increased its stake in NuStar Energy by 6,952.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,020 shares of the pipeline company’s stock worth $69,000 after acquiring an additional 3,963 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in NuStar Energy in the second quarter valued at $87,000. Institutional investors and hedge funds own 56.35% of the company’s stock.
NuStar Energy Price Performance
Shares of NYSE NS opened at $19.12 on Wednesday. The company has a debt-to-equity ratio of 11.89, a current ratio of 0.78 and a quick ratio of 0.71. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 36.76 and a beta of 1.73. The firm’s 50 day simple moving average is $17.65 and its 200-day simple moving average is $17.22. NuStar Energy has a 12 month low of $14.30 and a 12 month high of $19.32.
NuStar Energy (NYSE:NS – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $410.30 million during the quarter, compared to analysts’ expectations of $389.58 million. NuStar Energy had a net margin of 18.29% and a return on equity of 131.79%. Analysts expect that NuStar Energy will post 0.82 EPS for the current year.
NuStar Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.60 annualized dividend and a yield of 8.37%. NuStar Energy’s dividend payout ratio is presently 307.70%.
About NuStar Energy (Get Free Report
NuStar Energy L.P. engages in the transportation terminalling and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.
Further Reading
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