Nustar Energy L.P. (NS) Hits New 1-Year Low at $34.35

Nustar Energy L.P. (NYSE:NS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $34.35 and last traded at $34.34, with a volume of 181,893 shares. The stock had previously closed at $34.77.

Several research firms have issued reports on NS. Citigroup Inc. reduced their price target on Nustar Energy L.P. from $51.00 to $42.00 and set a “neutral” rating for the company in a report on Tuesday, October 10th. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. UBS AG reduced their price target on Nustar Energy L.P. from $50.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and set a $42.00 price target on shares of Nustar Energy L.P. in a report on Thursday, October 12th. Finally, Zacks Investment Research cut Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Nustar Energy L.P. has an average rating of “Hold” and an average target price of $47.33.

The firm’s 50 day moving average price is $39.73 and its 200-day moving average price is $43.83. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 46.24 and a beta of 1.40.

Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.28). The company had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. Nustar Energy L.P.’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Analysts anticipate that Nustar Energy L.P. will post $1.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be paid a dividend of $1.095 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $4.38 annualized dividend and a yield of 12.60%. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.

In related news, Director Jesse D. Bates bought 1,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the transaction, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $338,832.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Greehey bought 50,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $41.86 per share, for a total transaction of $2,093,000.00. Following the transaction, the director now directly owns 3,421,776 shares of the company’s stock, valued at $143,235,543.36. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 101,000 shares of company stock worth $4,070,288. 4.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NS. Keybank National Association OH increased its stake in Nustar Energy L.P. by 1.5% during the second quarter. Keybank National Association OH now owns 6,777 shares of the pipeline company’s stock worth $316,000 after purchasing an additional 102 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in Nustar Energy L.P. by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,219 shares of the pipeline company’s stock worth $383,000 after purchasing an additional 104 shares during the period. Bahl & Gaynor Inc. increased its stake in Nustar Energy L.P. by 0.5% during the second quarter. Bahl & Gaynor Inc. now owns 19,623 shares of the pipeline company’s stock worth $977,000 after purchasing an additional 107 shares during the period. McQueen Ball & Associates Inc. increased its stake in Nustar Energy L.P. by 2.3% during the second quarter. McQueen Ball & Associates Inc. now owns 5,361 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 122 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Nustar Energy L.P. by 2.0% during the second quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock worth $360,000 after purchasing an additional 150 shares during the period. 56.68% of the stock is currently owned by institutional investors.

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Nustar Energy L.P. 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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