Wall Street analysts predict that NuStar Energy L.P. (NYSE:NS) will announce sales of $381.50 million for the current quarter, according to Zacks. Two analysts have made estimates for NuStar Energy’s earnings, with the highest sales estimate coming in at $381.99 million and the lowest estimate coming in at $381.00 million. NuStar Energy posted sales of $490.36 million in the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The company is expected to issue its next earnings results on Monday, November 4th.
On average, analysts expect that NuStar Energy will report full-year sales of $1.63 billion for the current financial year, with estimates ranging from $1.62 billion to $1.63 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.56 billion, with estimates ranging from $1.52 billion to $1.60 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for NuStar Energy.
NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $372.45 million during the quarter, compared to analyst estimates of $474.77 million. NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share.
Shares of NuStar Energy stock opened at $27.67 on Tuesday. The firm has a market cap of $2.97 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 17.07 and a beta of 1.55. The firm’s 50-day simple moving average is $27.91 and its 200-day simple moving average is $27.14. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.40 and a current ratio of 1.43. NuStar Energy has a 1 year low of $19.81 and a 1 year high of $29.53.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.40 annualized dividend and a dividend yield of 8.67%. NuStar Energy’s dividend payout ratio (DPR) is 358.21%.
Large investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of NuStar Energy in the second quarter worth about $32,000. NEXT Financial Group Inc lifted its position in NuStar Energy by 277.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,110 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in NuStar Energy in the 2nd quarter worth approximately $50,000. Covenant Multifamily Offices LLC bought a new stake in NuStar Energy in the 1st quarter worth approximately $193,000. Finally, Seven Post Investment Office LP bought a new stake in NuStar Energy in the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 63.29% of the company’s stock.
NuStar Energy Company Profile
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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