Nustar Energy L.P. (NS) Expected to Announce Quarterly Sales of $417.83 Million
Wall Street analysts expect Nustar Energy L.P. (NYSE:NS) to post sales of $417.83 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Nustar Energy L.P.’s earnings, with the highest sales estimate coming in at $496.00 million and the lowest estimate coming in at $335.36 million. Nustar Energy L.P. posted sales of $441.42 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The company is scheduled to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Nustar Energy L.P. will report full-year sales of $417.83 million for the current financial year, with estimates ranging from $1.60 billion to $1.96 billion. For the next financial year, analysts anticipate that the company will report sales of $1.80 billion per share, with estimates ranging from $1.48 billion to $1.99 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.28. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The firm had revenue of $435.49 million for the quarter, compared to analyst estimates of $500.83 million. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue was down .5% compared to the same quarter last year.
A number of analysts recently weighed in on NS shares. BidaskClub raised shares of Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Nustar Energy L.P. in a report on Monday, April 17th. UBS AG reaffirmed a “buy” rating and issued a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Credit Suisse Group raised shares of Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a report on Thursday, April 13th. Finally, Macquarie started coverage on shares of Nustar Energy L.P. in a report on Friday, April 21st. They issued a “neutral” rating and a $47.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.00.
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In related news, Director William Grady Rosier bought 5,000 shares of the stock in a transaction on Friday, May 19th. The shares were purchased at an average price of $46.40 per share, with a total value of $232,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William E. Greehey bought 50,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $41.86 per share, for a total transaction of $2,093,000.00. Following the purchase, the director now owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 57,000 shares of company stock worth $2,411,150. 4.10% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. WealthTrust Arizona LLC boosted its position in Nustar Energy L.P. by 2.4% in the first quarter. WealthTrust Arizona LLC now owns 17,035 shares of the pipeline company’s stock valued at $885,000 after buying an additional 398 shares during the last quarter. Hollencrest Securities LLC bought a new position in Nustar Energy L.P. during the first quarter valued at approximately $946,000. Sigma Planning Corp bought a new position in Nustar Energy L.P. during the first quarter valued at approximately $206,000. IFC Holdings Incorporated FL boosted its position in Nustar Energy L.P. by 21.5% in the first quarter. IFC Holdings Incorporated FL now owns 7,946 shares of the pipeline company’s stock valued at $411,000 after buying an additional 1,407 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Nustar Energy L.P. by 313.3% in the first quarter. Janney Montgomery Scott LLC now owns 31,689 shares of the pipeline company’s stock valued at $1,647,000 after buying an additional 24,021 shares during the last quarter. 52.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nustar Energy L.P. (NYSE:NS) traded up 0.0715% on Friday, hitting $41.1194. 124,453 shares of the stock were exchanged. Nustar Energy L.P. has a one year low of $40.75 and a one year high of $55.64. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 57.8332 and a beta of 1.38. The firm’s 50 day moving average price is $45.19 and its 200 day moving average price is $48.56.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be paid a dividend of $1.095 per share. The ex-dividend date is Thursday, August 3rd. This represents a $4.38 annualized dividend and a yield of 10.66%. Nustar Energy L.P.’s payout ratio is 608.33%.
About Nustar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s 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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