Brokerages Set NuStar Energy L.P. (NYSE:NS) Target Price at $19.33

NuStar Energy L.P. (NYSE:NS) has been given a consensus recommendation of “Reduce” by the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.33.

Several equities research analysts recently issued reports on NS shares. StockNews.com initiated coverage on shares of NuStar Energy in a research note on Tuesday. They issued a “buy” rating for the company. 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 raised NuStar Energy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. Raymond James restated a “market perform” rating on shares of NuStar Energy in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $19.00 price target on shares of NuStar Energy in a report on Wednesday, January 10th.

Institutional Trading of NuStar Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of NuStar Energy by 1.0% during the 3rd quarter. Invesco Ltd. now owns 20,566,959 shares of the pipeline company’s stock worth $358,688,000 after purchasing an additional 194,568 shares during the period. Alps Advisors Inc. grew its position in NuStar Energy by 30.0% during the third quarter. Alps Advisors Inc. now owns 19,865,418 shares of the pipeline company’s stock worth $346,453,000 after buying an additional 4,586,344 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NuStar Energy by 21.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,112,629 shares of the pipeline company’s stock worth $114,184,000 after buying an additional 1,086,994 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in NuStar Energy by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,535,454 shares of the pipeline company’s stock valued at $66,042,000 after acquiring an additional 351,608 shares during the period. Finally, Blackstone Inc. raised its holdings in NuStar Energy by 46.8% in the 4th quarter. Blackstone Inc. now owns 3,401,626 shares of the pipeline company’s stock valued at $63,542,000 after acquiring an additional 1,084,858 shares in the last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.

NuStar Energy Stock Performance

Shares of NYSE NS opened at $21.96 on Friday. The business has a 50 day simple moving average of $22.84 and a 200 day simple moving average of $20.68. NuStar Energy has a 52 week low of $14.70 and a 52 week high of $24.50. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 30.93 and a beta of 1.69. The company has a debt-to-equity ratio of 12.93, a quick ratio of 0.76 and a current ratio of 0.81.

NuStar Energy (NYSE:NS) last posted its earnings results on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.15). NuStar Energy had a net margin of 12.90% and a return on equity of 88.49%. The business had revenue of $390.80 million during the quarter, compared to analyst estimates of $413.12 million. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts predict that NuStar Energy will post 1.1 earnings per share for the current fiscal year.

NuStar Energy Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Thursday, May 2nd. Investors of record on Friday, April 26th were given a dividend of $0.212 per share. The ex-dividend date was Thursday, April 25th. NuStar Energy’s dividend payout ratio is presently 225.35%.

NuStar Energy Company Profile

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.