NuStar Energy (NS) Releases Earnings Results, Misses Estimates By $0.17 EPS
NuStar Energy (NYSE:NS) announced its quarterly earnings results on Thursday. The pipeline company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.17), Zacks Earnings Dates reports. NuStar Energy had a net margin of 6.09% and a return on equity of 6.89%. The firm had revenue of $450.50 million during the quarter, compared to the consensus estimate of $435.46 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis.
NuStar Energy (NS) opened at $25.40 on Friday. The stock has a market capitalization of $2,907.28, a price-to-earnings ratio of 66.58 and a beta of 1.19. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77. NuStar Energy has a 12-month low of $24.65 and a 12-month high of $54.90.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 8th will be given a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a yield of 17.24%. The ex-dividend date of this dividend is Wednesday, February 7th. NuStar Energy’s dividend payout ratio is currently 1,152.66%.
NS has been the subject of a number of research reports. Citigroup upgraded NuStar Energy from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, December 5th. UBS Group dropped their price target on NuStar Energy from $50.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Zacks Investment Research upgraded NuStar Energy from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, January 17th. Barclays dropped their price target on NuStar Energy from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus dropped their price target on NuStar Energy from $42.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.00.
NuStar Energy Company Profile
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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