Barclays Trims NuStar Energy (NS) Target Price to $22.00

NuStar Energy (NYSE:NS) had its target price lowered by equities researchers at Barclays from $27.00 to $22.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays’ price target would indicate a potential upside of 0.27% from the stock’s current price.

NS has been the topic of a number of other research reports. 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 research note on Tuesday, January 23rd. UBS reiterated a “buy” rating and set a $27.00 price objective (down previously from $28.00) on shares of NuStar Energy in a research note on Friday, March 2nd. B. Riley lowered shares of NuStar Energy to a “hold” rating and set a $26.00 price objective on the stock. in a research note on Tuesday, March 20th. ValuEngine lowered shares of NuStar Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, US Capital Advisors lowered shares of NuStar Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. NuStar Energy has an average rating of “Hold” and a consensus price target of $30.10.

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NYSE:NS traded up $0.22 on Tuesday, reaching $21.94. The stock had a trading volume of 375,059 shares, compared to its average volume of 780,951. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.38 and a quick ratio of 0.34. The stock has a market cap of $1,930.73, a P/E ratio of 34.38 and a beta of 1.46. NuStar Energy has a 12-month low of $19.22 and a 12-month high of $49.21.

NuStar Energy (NYSE:NS) last issued its earnings results on Thursday, February 8th. The pipeline company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.17). The company had revenue of $450.50 million during the quarter, compared to analyst estimates of $435.46 million. NuStar Energy had a net margin of 8.16% and a return on equity of 7.82%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. equities analysts expect that NuStar Energy will post 1.57 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Brookfield Asset Management Inc. bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $131,694,000. Kazazian Asset Management LLC bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $1,512,000. Jane Street Group LLC bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $317,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of NuStar Energy by 35.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,390 shares of the pipeline company’s stock valued at $881,000 after acquiring an additional 7,650 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $373,000. Institutional investors and hedge funds own 60.09% 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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