JPMorgan Chase & Co. reaffirmed their neutral rating on shares of NuStar Energy (NYSE:NS) in a report published on Tuesday morning. The brokerage currently has a $25.00 price objective on the pipeline company’s stock, down from their prior price objective of $27.00.
A number of other research firms have also recently weighed in on NS. ValuEngine cut shares of NuStar Energy from a hold rating to a sell rating in a research note on Sunday, December 31st. Citigroup lowered their price target on shares of NuStar Energy from $33.00 to $27.00 and set a neutral rating on the stock in a research note on Friday, February 9th. B. Riley set a $31.00 price target on shares of NuStar Energy and gave the stock a neutral rating in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of NuStar Energy from a hold rating to a buy rating and set a $40.00 price objective on the stock in a research report on Tuesday, January 23rd. Finally, Mizuho set a $30.00 price objective on shares of NuStar Energy and gave the stock a hold rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $33.00.
NuStar Energy (NYSE NS) opened at $21.95 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.34 and a current ratio of 0.38. NuStar Energy has a 12 month low of $19.65 and a 12 month high of $52.68. The firm has a market cap of $1,913.03, a price-to-earnings ratio of 29.75 and a beta of 1.45.
Several institutional investors have recently added to or reduced their stakes in NS. Brookfield Asset Management Inc. purchased a new stake in shares of NuStar Energy in the 4th quarter worth about $131,694,000. Goldman Sachs Group Inc. boosted its position in shares of NuStar Energy by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,396,963 shares of the pipeline company’s stock worth $131,690,000 after buying an additional 962,576 shares in the last quarter. Center Coast Capital Advisors LP lifted its holdings in NuStar Energy by 12.3% in 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 in the last quarter. Bank of Montreal Can lifted its holdings in NuStar Energy by 25.7% in 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 in the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in NuStar Energy by 25.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,437,051 shares of the pipeline company’s stock valued at $58,331,000 after purchasing an additional 288,205 shares in the last quarter. Institutional investors and hedge funds own 60.11% 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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