NuStar Energy L.P. (NYSE:NS) to Issue Quarterly Dividend of $0.60

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NuStar Energy L.P. (NYSE:NS) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.60 per share by the pipeline company on Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date of this dividend is Thursday, November 7th.

Shares of NuStar Energy stock traded up $0.01 on Wednesday, reaching $29.21. The stock had a trading volume of 19,774 shares, compared to its average volume of 344,004. The company has a 50 day moving average price of $28.29 and a 200 day moving average price of $27.64. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 3.22. NuStar Energy has a 1 year low of $19.81 and a 1 year high of $30.06. The stock has a market capitalization of $3.15 billion, a P/E ratio of 43.60, a P/E/G ratio of 15.58 and a beta of 1.56.

NuStar Energy (NYSE:NS) last released its earnings results on Tuesday, November 5th. The pipeline company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.18). The company had revenue of $378.06 million for the quarter, compared to analysts’ expectations of $397.50 million. NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. On average, analysts forecast that NuStar Energy will post 1.81 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on NS. Mizuho began coverage on shares of NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 target price for the company. ValuEngine lowered shares of NuStar Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.60.

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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Dividend History for NuStar Energy (NYSE:NS)

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