NuStar Energy L.P. (NYSE:NS) has received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.44.
A number of research analysts have recently weighed in on NS shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $42.00 price objective on shares of NuStar Energy in a research report on Thursday, October 12th. UBS Group lowered their price objective on NuStar Energy from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Mizuho reaffirmed a “hold” rating and set a $47.00 price objective on shares of NuStar Energy in a research report on Friday, October 20th. Barclays lowered their price objective on NuStar Energy from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $37.00 price target (down from $42.00) on shares of NuStar Energy in a report on Thursday, November 9th. They noted that the move was a valuation call.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in NuStar Energy by 2.3% in the 4th quarter. Alps Advisors Inc. now owns 6,571,734 shares of the pipeline company’s stock worth $196,823,000 after purchasing an additional 149,468 shares in the last quarter. Center Coast Capital Advisors LP lifted its holdings in NuStar Energy by 6.6% in the 4th quarter. Center Coast Capital Advisors LP now owns 4,964,409 shares of the pipeline company’s stock worth $148,684,000 after purchasing an additional 306,958 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in NuStar Energy by 2.0% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,395,490 shares of the pipeline company’s stock worth $178,413,000 after purchasing an additional 84,082 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in NuStar Energy by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,760,994 shares of the pipeline company’s stock worth $70,863,000 after purchasing an additional 248,106 shares in the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in NuStar Energy by 25.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,437,051 shares of the pipeline company’s stock worth $58,331,000 after purchasing an additional 288,205 shares in the last quarter. 57.62% of the stock is currently owned by institutional investors.
NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.17). NuStar Energy had a net margin of 6.09% and a return on equity of 6.89%. The company had revenue of $450.50 million for the quarter, compared to analysts’ expectations of $435.46 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. equities analysts forecast that NuStar Energy will post 0.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 8th will be issued a $1.095 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $4.38 dividend on an annualized basis and a yield of 18.03%. NuStar Energy’s dividend payout ratio is presently 1,152.63%.
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NuStar Energy 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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