Nustar Energy L.P. (NS) PT Lowered to $40.00 at Barclays PLC
Nustar Energy L.P. (NYSE:NS) had its price objective lowered by Barclays PLC from $44.00 to $40.00 in a research report released on Wednesday. Barclays PLC currently has an equal weight rating on the pipeline company’s stock.
NS has been the subject of several other research reports. Citigroup Inc. lowered their price objective on shares of Nustar Energy L.P. from $51.00 to $42.00 and set a neutral rating for the company in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Nustar Energy L.P. from a strong sell rating to a sell rating in a research report on Saturday, August 26th. UBS AG lowered their price objective on shares of Nustar Energy L.P. from $50.00 to $43.00 and set a buy rating for the company in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a hold rating and set a $42.00 price objective on shares of Nustar Energy L.P. in a research report on Thursday, October 12th. Finally, Zacks Investment Research lowered shares of Nustar Energy L.P. from a hold rating to a strong sell rating in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $42.56.
Nustar Energy L.P. (NYSE:NS) traded up $0.15 during mid-day trading on Wednesday, reaching $31.73. 261,900 shares of the company’s stock traded hands, compared to its average volume of 566,651. Nustar Energy L.P. has a fifty-two week low of $31.21 and a fifty-two week high of $55.64. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $2,951.94, a price-to-earnings ratio of 83.50 and a beta of 1.32.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.12). Nustar Energy L.P. had a net margin of 6.09% and a return on equity of 6.89%. The business had revenue of $440.60 million for the quarter, compared to the consensus estimate of $413.81 million. During the same quarter last year, the business earned $0.49 EPS. Nustar Energy L.P.’s revenue for the quarter was down .2% compared to the same quarter last year. research analysts anticipate that Nustar Energy L.P. will post 0.88 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Thursday, November 9th will be issued a $1.095 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $4.38 annualized dividend and a dividend yield of 13.80%. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 1,152.66%.
In other news, Director William E. Greehey bought 6,899 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the acquisition, the director now owns 3,454,662 shares of the company’s stock, valued at $133,384,499.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Greehey bought 43,101 shares of the stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the acquisition, the director now directly owns 3,497,763 shares in the company, valued at approximately $135,328,450.47. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in shares of Nustar Energy L.P. by 443.8% in the 2nd quarter. Citigroup Inc. now owns 19,668 shares of the pipeline company’s stock worth $918,000 after acquiring an additional 16,051 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in Nustar Energy L.P. in the 3rd quarter worth about $765,000. AlphaMark Advisors LLC increased its stake in Nustar Energy L.P. by 9.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 5,898 shares of the pipeline company’s stock worth $275,000 after buying an additional 500 shares during the period. Adams Asset Advisors LLC increased its stake in Nustar Energy L.P. by 4.4% in the 3rd quarter. Adams Asset Advisors LLC now owns 154,910 shares of the pipeline company’s stock worth $6,287,000 after buying an additional 6,507 shares during the period. Finally, Third Security LLC increased its stake in Nustar Energy L.P. by 24.6% in the 2nd quarter. Third Security LLC now owns 145,200 shares of the pipeline company’s stock worth $6,771,000 after buying an additional 28,700 shares during the period. Hedge funds and other institutional investors own 56.47% of the company’s stock.
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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