NuStar Energy L.P. (NS) Sees Unusually-High Trading Volume
NuStar Energy L.P. (NYSE:NS) saw strong trading volume on Friday . 258,894 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 242,296 shares.The stock last traded at $49.61 and had previously closed at $48.75.
Several equities research analysts have commented on the stock. Citigroup Inc. raised shares of NuStar Energy L.P. from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $52.00 in a report on Friday. Simmons reissued a “neutral” rating and set a $47.00 target price (up from $46.00) on shares of NuStar Energy L.P. in a research note on Saturday, June 25th. Barclays PLC reissued an “equal weight” rating and set a $49.00 target price (up from $41.00) on shares of NuStar Energy L.P. in a research note on Thursday, April 28th. TheStreet raised shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Credit Suisse Group AG lowered shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $46.00 to $47.00 in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. NuStar Energy L.P. currently has an average rating of “Hold” and a consensus price target of $45.38.
The stock has a 50 day moving average price of $48.84 and a 200 day moving average price of $43.87. The stock has a market capitalization of $3.82 billion and a price-to-earnings ratio of 20.62.
NuStar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $437.80 million for the quarter, compared to analyst estimates of $432.50 million. The company’s revenue was down 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts forecast that NuStar Energy L.P. will post $2.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Tuesday, August 9th were issued a $1.095 dividend. This represents a $4.38 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend was Friday, August 5th.
In other NuStar Energy L.P. news, Director William E. Greehey purchased 20,000 shares of NuStar Energy L.P. stock in a transaction on Tuesday, June 28th. The shares were bought at an average price of $47.69 per share, with a total value of $953,800.00. Following the completion of the acquisition, the director now directly owns 3,009,990 shares of the company’s stock, valued at $143,546,423.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Several institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC purchased a new position in NuStar Energy L.P. during the fourth quarter worth $2,005,000. Marshall Wace LLP raised its position in NuStar Energy L.P. by 42.0% in the fourth quarter. Marshall Wace LLP now owns 223,116 shares of the company’s stock worth $8,947,000 after buying an additional 65,972 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in 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 worth $1,010,000 after buying an additional 2,866 shares in the last quarter.
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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