NuStar GP (NSH) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of NuStar GP (NYSE:NSH) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “
NSH has been the topic of several other research reports. ValuEngine raised NuStar GP from a sell rating to a hold rating in a report on Wednesday, April 11th. B. Riley reaffirmed a neutral rating and set a $14.00 price objective (down previously from $20.00) on shares of NuStar GP in a report on Tuesday, March 20th. Citigroup reduced their price objective on NuStar GP from $15.00 to $12.00 and set a neutral rating on the stock in a report on Tuesday, May 1st. Barclays reduced their price objective on NuStar GP from $15.00 to $12.00 and set an equal weight rating on the stock in a report on Tuesday, April 17th. Finally, Mizuho reaffirmed a hold rating and set a $13.00 price objective on shares of NuStar GP in a report on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $16.43.
NuStar GP (NYSE:NSH) last posted its quarterly earnings data on Thursday, April 26th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). NuStar GP had a return on equity of 21.96% and a net margin of 174.77%. The firm had revenue of $13.32 million for the quarter. research analysts anticipate that NuStar GP will post 0.2 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of NSH. Raymond James & Associates bought a new stake in shares of NuStar GP during the 4th quarter valued at $168,000. Stifel Financial Corp bought a new stake in shares of NuStar GP during the 1st quarter valued at $227,000. Brown Advisory Inc. raised its position in shares of NuStar GP by 70.0% during the 4th quarter. Brown Advisory Inc. now owns 17,000 shares of the pipeline company’s stock valued at $267,000 after acquiring an additional 7,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of NuStar GP during the 1st quarter valued at $286,000. Finally, BB&T Securities LLC bought a new stake in shares of NuStar GP during the 1st quarter valued at $309,000. Institutional investors own 47.61% of the company’s stock.
About NuStar GP
NuStar GP Holdings, LLC, through its ownership interests in NuStar Energy L.P., engages in the transportation of petroleum products and anhydrous ammonia. The company is also involved in the terminalling, storage, and marketing of petroleum products. It has pipelines in the United States; and terminal and storage facilities in the United States, Canada, Mexico, and the United Kingdom, as well as the Netherlands, including St.
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