Shares of NuStar Energy L.P. (NYSE:NS) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $47.00.
A number of research firms have commented on NS. US Capital Advisors restated an “overweight” rating on shares of NuStar Energy L.P. in a research note on Wednesday, September 21st. Mizuho began coverage on NuStar Energy L.P. in a research note on Thursday. They set a “neutral” rating on the stock. Credit Suisse Group AG cut NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $46.00 to $47.00 in a research note on Wednesday, August 3rd. Simmons restated a “neutral” rating and set a $47.00 price target (up from $46.00) on shares of NuStar Energy L.P. in a research note on Saturday, June 25th. Finally, Stifel Nicolaus upgraded NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, September 13th. They noted that the move was a valuation call.
In other NuStar Energy L.P. news, Director William E. Greehey purchased 20,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were bought at an average cost of $48.80 per share, for a total transaction of $976,000.00. Following the completion of the purchase, the director now directly owns 3,029,990 shares in the company, valued at $147,863,512. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Greehey purchased 1,991 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was acquired at an average price of $47.00 per share, for a total transaction of $93,577.00. Following the completion of the purchase, the director now owns 3,031,981 shares of the company’s stock, valued at $142,503,107. The disclosure for this purchase can be found here.
Hedge funds have recently bought and sold shares of the stock. Spirit of America Management Corp NY boosted its stake in NuStar Energy L.P. by 193.0% in the second quarter. Spirit of America Management Corp NY now owns 194,201 shares of the company’s stock worth $9,671,000 after buying an additional 127,930 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in NuStar Energy L.P. by 9,164.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,469 shares of the company’s stock worth $521,000 after buying an additional 10,356 shares in the last quarter. Babson Capital Management LLC boosted its stake in NuStar Energy L.P. by 2.6% in the first quarter. Babson Capital Management LLC now owns 43,200 shares of the company’s stock worth $1,745,000 after buying an additional 1,100 shares in the last quarter. Barclays PLC boosted its stake in NuStar Energy L.P. by 17.5% in the first quarter. Barclays PLC now owns 144,798 shares of the company’s stock worth $5,792,000 after buying an additional 21,601 shares in the last quarter. Finally, Harvest Fund Advisors LLC boosted its stake in NuStar Energy L.P. by 10.1% in the first quarter. Harvest Fund Advisors LLC now owns 2,823,680 shares of the company’s stock worth $114,077,000 after buying an additional 259,738 shares in the last quarter.
NuStar Energy L.P. (NYSE:NS) opened at 48.75 on Tuesday. The stock has a market capitalization of $3.80 billion, a P/E ratio of 20.67 and a beta of 1.25. The company’s 50-day moving average price is $47.51 and its 200 day moving average price is $47.22. NuStar Energy L.P. has a 52 week low of $25.65 and a 52 week high of $53.47.
NuStar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The business earned $437.80 million during the quarter, compared to analysts’ expectations of $432.50 million. The company’s revenue was down 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts expect that NuStar Energy L.P. will post $2.16 EPS for the current fiscal year.
NuStar Energy L.P. Company Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating 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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