Nustar Energy (NS) Rating Increased to Buy at Citigroup

Nustar Energy (NYSE:NS) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $33.00 target price on the pipeline company’s stock. Citigroup’s target price would indicate a potential upside of 12.86% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus set a $32.00 target price on shares of Nustar Energy and gave the stock a “hold” rating in a research report on Sunday. Zacks Investment Research cut shares of Nustar Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. ValuEngine cut shares of Nustar Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised shares of Nustar Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $37.00 price target (down from $42.00) on shares of Nustar Energy in a research note on Thursday, November 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.38.

Shares of Nustar Energy (NYSE NS) opened at $29.24 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.33 and a current ratio of 0.36. Nustar Energy has a one year low of $26.21 and a one year high of $55.64. The stock has a market cap of $2,773.31, a price-to-earnings ratio of 78.45 and a beta of 1.27.

Nustar Energy (NYSE:NS) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.12). Nustar Energy had a net margin of 6.09% and a return on equity of 6.89%. The firm had revenue of $440.60 million for the quarter, compared to analyst estimates of $413.81 million. During the same period last year, the firm earned $0.49 earnings per share. Nustar Energy’s revenue for the quarter was down .2% compared to the same quarter last year. equities research analysts anticipate that Nustar Energy will post 0.84 earnings per share for the current year.

Several large investors have recently modified their holdings of NS. The Manufacturers Life Insurance Company raised its holdings in shares of Nustar Energy by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after acquiring an additional 163 shares during the period. Ffcm LLC grew its position in Nustar Energy by 230.9% in the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 1,683 shares in the last quarter. Botty Investors LLC bought a new position in Nustar Energy in the second quarter valued at $127,000. Penserra Capital Management LLC grew its position in Nustar Energy by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,451 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in Nustar Energy in the third quarter valued at $217,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

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Nustar Energy 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 (NYSE:NS)

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