NuStar Energy (NS) Rating Increased to Hold at ValuEngine

NuStar Energy (NYSE:NS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Other analysts have also recently issued reports about the company. Barclays raised 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 upgraded 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 restated a “hold” rating on shares of NuStar Energy in a research report on Tuesday, July 17th. Stifel Nicolaus raised 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. Finally, Citigroup raised their target price on NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of NuStar Energy stock opened at $24.72 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.61 and a current ratio of 0.70. The company has a market cap of $2.84 billion, a PE ratio of 38.63 and a beta of 1.73. NuStar Energy has a twelve month low of $19.22 and a twelve month high of $35.91.

NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $490.40 million for the quarter, compared to analysts’ expectations of $472.87 million. NuStar Energy had a return on equity of 30.73% and a net margin of 12.03%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS.

Several hedge funds have recently modified their holdings of NS. Green Square Capital LLC boosted its stake in shares of NuStar Energy by 6.5% during the 2nd quarter. Green Square Capital LLC now owns 41,115 shares of the pipeline company’s stock worth $931,000 after acquiring an additional 2,527 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in shares of NuStar Energy by 7.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 35,986 shares of the pipeline company’s stock worth $1,000,000 after acquiring an additional 2,540 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of NuStar Energy by 3.6% during the 3rd quarter. Advisors Capital Management LLC now owns 76,880 shares of the pipeline company’s stock worth $2,137,000 after acquiring an additional 2,643 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of NuStar Energy by 17.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,050 shares of the pipeline company’s stock worth $499,000 after acquiring an additional 3,355 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of NuStar Energy by 11.4% during the 2nd quarter. Raymond James & Associates now owns 32,931 shares of the pipeline company’s stock worth $746,000 after acquiring an additional 3,381 shares in the last quarter. Institutional investors own 48.67% of the company’s stock.

About NuStar Energy

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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