NuStar Energy L.P. (NS) Stock Price Down 3%
NuStar Energy L.P. (NYSE:NS)’s share price fell 3% during mid-day trading 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 brokerages have weighed in on NS. Credit Suisse Group AG lowered NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $46.00 to $47.00 in a report on Wednesday. Simmons reaffirmed 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. JPMorgan Chase & Co. lifted their price objective on NuStar Energy L.P. from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 16th. TheStreet raised NuStar Energy L.P. from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 price objective (up previously from $41.00) on shares of NuStar Energy L.P. in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.43.
The stock has a 50-day moving average of $49.24 and a 200 day moving average of $43.19. The company has a market capitalization of $3.73 billion and a PE ratio of 20.15.
NuStar Energy L.P. (NYSE:NS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm earned $437.80 million during the quarter, compared to analyst estimates of $432.50 million. NuStar Energy L.P.’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Analysts predict that NuStar Energy L.P. will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Tuesday, August 9th will be paid a $1.095 dividend. The ex-dividend date is Friday, August 5th. This represents a $4.38 annualized dividend and a dividend yield of 9.14%.
In other news, Director William E. Greehey purchased 20,000 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average price of $47.69 per share, for a total transaction of $953,800.00. Following the completion of the purchase, the director now owns 3,009,990 shares of the company’s stock, valued at $143,546,423.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Morgan Stanley boosted its position in 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. Marshall Wace LLP boosted its stake 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 worth $8,947,000 after buying an additional 65,972 shares during the last quarter. GSA Capital Partners LLP boosted its stake 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 worth $1,010,000 after buying an additional 2,866 shares during the last quarter. Finally, Atlantic Trust Group LLC acquired a new stake in shares of NuStar Energy L.P. during the fourth quarter worth $16,293,000.
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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