Analysts Expect NuStar Energy L.P. (NYSE:NS) to Post $0.27 EPS

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Equities analysts expect NuStar Energy L.P. (NYSE:NS) to post $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NuStar Energy’s earnings, with estimates ranging from $0.16 to $0.48. NuStar Energy reported earnings per share of ($3.49) in the same quarter last year, which would suggest a positive year over year growth rate of 107.7%. The company is expected to report its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that NuStar Energy will report full year earnings of ($1.61) per share for the current financial year, with EPS estimates ranging from ($2.13) to ($1.12). For the next year, analysts anticipate that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $0.60 to $2.46. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NuStar Energy.

NuStar Energy (NYSE:NS) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $372.45 million during the quarter, compared to the consensus estimate of $474.77 million. NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. NuStar Energy’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS.

NS has been the subject of several research analyst reports. Mizuho initiated coverage on shares of NuStar Energy in a research report on Friday, August 2nd. They issued a “neutral” rating and a $32.00 target price for the company. Zacks Investment Research downgraded shares of NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.60.

Institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC lifted its stake in NuStar Energy by 28.3% in the first quarter. Catalyst Capital Advisors LLC now owns 167,942 shares of the pipeline company’s stock valued at $4,516,000 after buying an additional 37,004 shares in the last quarter. Covenant Multifamily Offices LLC bought a new position in NuStar Energy during the 1st quarter valued at $193,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of NuStar Energy during the 1st quarter valued at $251,000. Tortoise Capital Advisors L.L.C. increased its position in shares of NuStar Energy by 20.8% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 4,035,672 shares of the pipeline company’s stock valued at $108,519,000 after purchasing an additional 695,712 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of NuStar Energy by 5.2% during the 1st quarter. Neuberger Berman Group LLC now owns 2,858,066 shares of the pipeline company’s stock valued at $76,854,000 after purchasing an additional 140,519 shares during the last quarter. 63.14% of the stock is owned by hedge funds and other institutional investors.

Shares of NS traded up $0.35 during midday trading on Friday, hitting $26.84. The company had a trading volume of 281,100 shares, compared to its average volume of 536,908. The company’s 50 day moving average price is $27.90 and its 200 day moving average price is $27.12. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 16.39 and a beta of 1.55. NuStar Energy has a 52 week low of $19.81 and a 52 week high of $29.53. The company has a quick ratio of 0.63, a current ratio of 1.43 and a debt-to-equity ratio of 3.22.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, August 7th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend was Tuesday, August 6th. NuStar Energy’s dividend payout ratio (DPR) is presently 358.21%.

About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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