Shares of NuStar Energy L.P. (NYSE:NS) have been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.00.
NS has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on NuStar Energy from $42.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. UBS Group decreased their target price on NuStar Energy from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Barclays decreased their target price on NuStar Energy from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $37.00 target price (down from $42.00) on shares of NuStar Energy in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Mizuho reaffirmed a “hold” rating and issued a $38.00 target price on shares of NuStar Energy in a research report on Friday, November 10th.
NuStar Energy (NYSE:NS) opened at $21.94 on Thursday. NuStar Energy has a 12-month low of $21.72 and a 12-month high of $54.05. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.33. The firm has a market capitalization of $2,040.00, a PE ratio of 31.80 and a beta of 1.19.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Thursday, February 8th were paid a dividend of $1.095 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $4.38 dividend on an annualized basis and a yield of 19.96%. NuStar Energy’s dividend payout ratio (DPR) is currently 634.78%.
A number of hedge funds have recently added to or reduced their stakes in NS. Brookfield Asset Management Inc. acquired a new position in NuStar Energy during the 4th quarter valued at about $131,694,000. Goldman Sachs Group Inc. boosted its stake in NuStar Energy by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,396,963 shares of the pipeline company’s stock valued at $131,690,000 after purchasing an additional 962,576 shares during the last quarter. Alps Advisors Inc. boosted its stake in NuStar Energy by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock valued at $260,680,000 after purchasing an additional 649,543 shares during the last quarter. Center Coast Capital Advisors LP boosted its stake in NuStar Energy by 12.3% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock valued at $189,046,000 after purchasing an additional 509,808 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in NuStar Energy by 25.7% during the 4th quarter. Bank of Montreal Can now owns 1,419,363 shares of the pipeline company’s stock valued at $42,510,000 after purchasing an additional 290,324 shares during the last quarter. Institutional investors and hedge funds own 56.22% 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.
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