NuStar Energy (NYSE:NS) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of NuStar Energy (NYSE:NS) in a report released on Monday. The firm set a “buy” rating on the pipeline company’s stock.

NS has been the topic of several other research reports. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $19.00 price objective on shares of NuStar Energy in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.33.

NuStar Energy Stock Down 1.6 %

NS stock opened at $22.57 on Monday. The stock has a market capitalization of $2.86 billion, a PE ratio of 31.79 and a beta of 1.70. NuStar Energy has a 52 week low of $14.70 and a 52 week high of $24.50. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 11.76. The firm has a 50 day moving average of $23.05 and a 200 day moving average of $20.47.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $451.70 million during the quarter, compared to analysts’ expectations of $433.69 million. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. Sell-side analysts forecast that NuStar Energy will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On NuStar Energy

Hedge funds have recently bought and sold shares of the stock. RIA Advisory Group LLC purchased a new stake in shares of NuStar Energy during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC grew its holdings in shares of NuStar Energy by 55.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock worth $37,000 after buying an additional 718 shares in the last quarter. Baystate Wealth Management LLC raised its position in shares of NuStar Energy by 234.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock valued at $40,000 after buying an additional 1,516 shares during the last quarter. Lee Financial Co lifted its stake in shares of NuStar Energy by 18.4% in the fourth quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock worth $69,000 after buying an additional 571 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of NuStar Energy in the third quarter worth about $183,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.

About NuStar Energy

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.