Brokerages Set NuStar Energy L.P. (NS) Target Price at $28.00

Shares of NuStar Energy L.P. (NYSE:NS) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.00.

NS has been the topic of a number of research analyst reports. ValuEngine lowered NuStar Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Barclays boosted their target price on NuStar Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised NuStar Energy from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, July 18th. US Capital Advisors reissued a “hold” rating on shares of NuStar Energy in a research report on Tuesday, July 17th. Finally, Stifel Nicolaus boosted their target price on NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th.

Shares of NYSE NS opened at $25.47 on Friday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 39.80 and a beta of 1.71. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.61 and a current ratio of 0.70. NuStar Energy has a 52-week low of $19.22 and a 52-week high of $38.31.

NuStar Energy (NYSE:NS) last announced its earnings results on Tuesday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $486.20 million during the quarter, compared to analysts’ expectations of $479.32 million. NuStar Energy had a net margin of 11.83% and a return on equity of 11.32%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS. Analysts predict that NuStar Energy will post 1.91 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of NS. Brookfield Asset Management Inc. grew its stake in shares of NuStar Energy by 69.2% in the first quarter. Brookfield Asset Management Inc. now owns 7,438,261 shares of the pipeline company’s stock worth $151,666,000 after acquiring an additional 3,041,122 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of NuStar Energy by 9.3% in the second quarter. OppenheimerFunds Inc. now owns 8,907,585 shares of the pipeline company’s stock worth $201,757,000 after acquiring an additional 757,845 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of NuStar Energy in the second quarter worth $11,585,000. Alps Advisors Inc. grew its stake in shares of NuStar Energy by 5.9% in the second quarter. Alps Advisors Inc. now owns 6,571,734 shares of the pipeline company’s stock worth $196,823,000 after acquiring an additional 368,583 shares in the last quarter. Finally, Global X Management Co LLC grew its stake in shares of NuStar Energy by 22.5% in the second quarter. Global X Management Co LLC now owns 1,100,380 shares of the pipeline company’s stock worth $24,924,000 after acquiring an additional 202,038 shares in the last quarter. Institutional investors and hedge funds own 46.52% of the company’s stock.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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