NuStar Energy L.P. (NYSE:NS) Director William E. Greehey acquired 1,991 shares of the stock in a transaction dated Wednesday, September 28th. The shares were bought at an average price of $47.00 per share, for a total transaction of $93,577.00. Following the transaction, the director now owns 3,031,981 shares in the company, valued at approximately $142,503,107. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NuStar Energy L.P. (NYSE:NS) opened at 48.75 on Friday. The company’s 50-day moving average is $47.51 and its 200 day moving average is $47.22. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 20.67 and a beta of 1.25. NuStar Energy L.P. has a 1-year low of $25.65 and a 1-year high of $53.47.
NuStar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $437.80 million for the quarter, compared to the consensus estimate of $432.50 million. During the same quarter last year, the business earned $0.54 EPS. NuStar Energy L.P.’s revenue for the quarter was down 23.3% compared to the same quarter last year. Equities analysts anticipate that NuStar Energy L.P. will post $2.16 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its position in NuStar Energy L.P. by 34.3% in the second quarter. Glenmede Trust Co. NA now owns 3,037 shares of the company’s stock valued at $151,000 after buying an additional 775 shares during the period. Advisor Group Inc. acquired a new position in NuStar Energy L.P. during the second quarter valued at approximately $181,000. Douglass Winthrop Advisors LLC acquired a new position in NuStar Energy L.P. during the second quarter valued at approximately $206,000. Sigma Planning Corp acquired a new position in NuStar Energy L.P. during the second quarter valued at approximately $215,000. Finally, IFP Advisors Inc raised its position in NuStar Energy L.P. by 1.6% in the first quarter. IFP Advisors Inc now owns 5,349 shares of the company’s stock valued at $216,000 after buying an additional 86 shares during the period.
A number of equities analysts recently commented on NS shares. Mizuho started coverage on shares of NuStar Energy L.P. in a research report on Thursday. They issued a “neutral” rating and a $50.00 target price on the stock. US Capital Advisors restated an “overweight” rating on shares of NuStar Energy L.P. in a research report on Wednesday, September 21st. Credit Suisse Group AG cut shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $46.00 to $47.00 in a research report on Wednesday, August 3rd. Citigroup Inc. upgraded shares of NuStar Energy L.P. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $52.00 in a research report on Friday, August 12th. Finally, Simmons restated a “neutral” rating and issued a $47.00 price objective (up previously from $46.00) on shares of NuStar Energy L.P. in a research report on Saturday, June 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.60.
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.
Receive News & Ratings for NuStar Energy L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy L.P. and related companies with MarketBeat.com's FREE daily email newsletter.