NuStar Energy L.P. (NYSE:NS)’s share price was down 2.8% during mid-day trading on Thursday . The company traded as low as $47.50 and last traded at $47.68, with a volume of 185,183 shares. The stock had previously closed at $49.07.

Several equities research analysts recently weighed in on NS shares. TheStreet upgraded NuStar Energy L.P. from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Barclays PLC restated an “equal weight” rating and set a $49.00 target price (up from $41.00) on shares of NuStar Energy L.P. in a report on Thursday, April 28th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of NuStar Energy L.P. in a report on Wednesday, March 16th. Simmons reiterated a “neutral” rating and issued a $47.00 price objective (up previously from $46.00) on shares of NuStar Energy L.P. in a report on Saturday, June 25th. Finally, Piper Jaffray Cos. assumed coverage on NuStar Energy L.P. in a report on Friday, April 1st. They issued a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.29.

The stock has a market capitalization of $3.79 billion and a PE ratio of 20.35. The stock has a 50-day moving average of $49.93 and a 200 day moving average of $41.58.

NuStar Energy L.P. (NYSE:NS) last issued its earnings results on Wednesday, April 27th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. During the same period last year, the firm posted $0.76 earnings per share. The firm earned $405.70 million during the quarter, compared to the consensus estimate of $521.69 million. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year. On average, equities research analysts expect that NuStar Energy L.P. will post $2.28 earnings per share for the current fiscal year.

In related news, Director William E. Greehey acquired 50,000 shares of NuStar Energy L.P. stock in a transaction on Wednesday, May 4th. The shares were bought at an average cost of $49.21 per share, with a total value of $2,460,500.00. Following the completion of the purchase, the director now directly owns 2,959,290 shares of the company’s stock, valued at approximately $145,626,660.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Greehey acquired 20,000 shares of NuStar Energy L.P. stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost of $47.69 per share, for a total transaction of $953,800.00. Following the completion of the purchase, the director now directly owns 3,009,990 shares of the company’s stock, valued at $143,546,423.10. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have made changes to their positions in NS. Marshall Wace LLP raised its position in shares of NuStar Energy L.P. by 42.0% in the fourth quarter. Marshall Wace LLP now owns 223,116 shares of the company’s stock valued at $8,947,000 after buying an additional 65,972 shares during the period. Atlantic Trust Group LLC acquired a new position in shares of NuStar Energy L.P. during the fourth quarter valued at about $16,293,000. Morgan Stanley raised its position in shares of NuStar Energy L.P. by 30.9% in the fourth quarter. Morgan Stanley now owns 2,141,461 shares of the company’s stock valued at $85,873,000 after buying an additional 505,843 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of NuStar Energy L.P. by 82.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 493,711 shares of the company’s stock valued at $19,798,000 after buying an additional 222,969 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of NuStar Energy L.P. by 12.8% in the fourth quarter. GSA Capital Partners LLP now owns 25,190 shares of the company’s stock valued at $1,010,000 after buying an additional 2,866 shares during the period.

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating 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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