ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

NS has been the subject of a number of other reports. Barclays raised their price objective on shares of NuStar Energy from $25.00 to $27.00 and gave the stock an equal weight rating in a research note on Wednesday, August 8th. Stifel Nicolaus raised their price objective on shares of NuStar Energy from $26.00 to $27.00 and gave the stock a hold rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of NuStar Energy from $25.00 to $28.00 and gave the stock a neutral rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of NuStar Energy from a hold rating to a strong-buy rating and set a $28.00 price objective for the company in a research note on Wednesday, July 18th. Finally, US Capital Advisors reissued a hold rating on shares of NuStar Energy in a research note on Tuesday, July 17th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $26.88.

NuStar Energy stock traded down $0.01 during mid-day trading on Wednesday, reaching $24.71. The company had a trading volume of 786,146 shares, compared to its average volume of 695,446. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $35.91. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 2.12. The stock has a market cap of $2.74 billion, a PE ratio of 38.61 and a beta of 1.73.

NuStar Energy (NYSE:NS) last issued its earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. NuStar Energy had a net margin of 12.03% and a return on equity of 32.29%. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $472.87 million. During the same period last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts forecast that NuStar Energy will post 1.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 8th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.71%. NuStar Energy’s dividend payout ratio (DPR) is 375.00%.

Institutional investors and hedge funds have recently modified their holdings of the company. Catawba Capital Management VA acquired a new stake in NuStar Energy during the second quarter worth approximately $214,000. Prospera Financial Services Inc acquired a new stake in NuStar Energy during the third quarter worth approximately $216,000. Chemical Bank acquired a new stake in NuStar Energy during the third quarter worth approximately $218,000. Cambridge Investment Research Advisors Inc. acquired a new stake in NuStar Energy during the third quarter worth approximately $229,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in NuStar Energy during the third quarter worth approximately $259,000. 48.67% of the stock is owned by institutional investors and hedge funds.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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Analyst Recommendations for NuStar Energy (NYSE:NS)

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