NuStar Energy (NS) Price Target Cut to $27.00

NuStar Energy (NYSE:NS) had its target price reduced by Citigroup from $33.00 to $27.00 in a report issued on Friday morning. Citigroup currently has a neutral rating on the pipeline company’s stock.

Several other research analysts also recently commented on the stock. B. Riley set a $31.00 price target on shares of NuStar Energy and gave the stock a hold rating in a research note on Thursday. ValuEngine downgraded shares of NuStar Energy from a hold rating to a sell rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of NuStar Energy from a hold rating to a buy rating and set a $40.00 target price on the stock in a report on Tuesday, January 23rd. US Capital Advisors cut shares of NuStar Energy from an overweight rating to a hold rating in a report on Thursday, January 4th. Finally, Stifel Nicolaus set a $32.00 target price on shares of NuStar Energy and gave the stock a hold rating in a report on Sunday, December 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. NuStar Energy presently has an average rating of Hold and an average price target of $35.44.

NuStar Energy (NYSE:NS) traded down $1.01 during mid-day trading on Friday, hitting $24.29. 2,841,601 shares of the company’s stock traded hands, compared to its average volume of 638,067. The stock has a market capitalization of $2,353.73, a P/E ratio of 35.20 and a beta of 1.19. NuStar Energy has a 52-week low of $22.79 and a 52-week high of $54.90. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.33.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, February 8th. The pipeline company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.17). The business had revenue of $450.50 million for the quarter, compared to analysts’ expectations of $435.46 million. NuStar Energy had a return on equity of 8.72% and a net margin of 8.16%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. equities analysts forecast that NuStar Energy will post 1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 8th will be issued a $1.095 dividend. This represents a $4.38 annualized dividend and a dividend yield of 18.03%. The ex-dividend date is Wednesday, February 7th. NuStar Energy’s dividend payout ratio is 634.79%.

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of NuStar Energy by 42.2% in the second quarter. Ameriprise Financial Inc. now owns 17,282 shares of the pipeline company’s stock worth $806,000 after purchasing an additional 5,131 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in NuStar Energy in the third quarter valued at $765,000. ING Groep NV boosted its holdings in NuStar Energy by 95.8% in the third quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock valued at $20,072,000 after acquiring an additional 242,000 shares in the last quarter. Adams Asset Advisors LLC boosted its holdings in NuStar Energy by 4.4% in the third quarter. Adams Asset Advisors LLC now owns 154,910 shares of the pipeline company’s stock valued at $6,287,000 after acquiring an additional 6,507 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in NuStar Energy by 25.7% in the fourth quarter. Bank of Montreal Can now owns 1,419,363 shares of the pipeline company’s stock valued at $42,510,000 after acquiring an additional 290,324 shares in the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.

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About NuStar Energy

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.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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