NuStar Energy L.P. (NS) Trading Down 3%
NuStar Energy L.P. (NYSE:NS) traded down 3% on Friday . The company traded as low as $48.16 and last traded at $48.28, with a volume of 115,097 shares. The stock had previously closed at $49.77.
A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group AG lowered shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $46.00 to $47.00 in a report on Wednesday. Barclays PLC reiterated an “equal weight” rating and set a $49.00 price target (up from $41.00) on shares of NuStar Energy L.P. in a report on Thursday, April 28th. JPMorgan Chase & Co. upped their price target on shares of NuStar Energy L.P. from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 16th. Simmons reiterated a “neutral” rating and set a $47.00 price target (up from $46.00) on shares of NuStar Energy L.P. in a report on Saturday, June 25th. Finally, TheStreet upgraded shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. NuStar Energy L.P. currently has an average rating of “Hold” and an average target price of $44.43.
The company has a market cap of $3.73 billion and a price-to-earnings ratio of 20.15. The stock’s 50-day moving average price is $49.24 and its 200 day moving average price is $43.19.
NuStar Energy L.P. (NYSE:NS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $437.80 million for the quarter, compared to analysts’ expectations of $432.50 million. During the same period last year, the business earned $0.54 earnings per share. The company’s quarterly revenue was down 23.3% compared to the same quarter last year. On average, analysts predict that NuStar Energy L.P. will post $2.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Tuesday, August 9th will be issued a $1.095 dividend. This represents a $4.38 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend is Friday, August 5th.
In other NuStar Energy L.P. news, Director William E. Greehey bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of $47.69 per share, with a total value of $953,800.00. Following the completion of the acquisition, the director now owns 3,009,990 shares in the company, valued at approximately $143,546,423.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in NuStar Energy L.P. stock. GSA Capital Partners LLP raised its position in shares of NuStar Energy L.P. (NYSE:NS) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,190 shares of the company’s stock after buying an additional 2,866 shares during the period. GSA Capital Partners LLP’s holdings in NuStar Energy L.P. were worth $1,010,000 as of its most recent SEC filing.
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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