NuStar Energy L.P. (NYSE:NS) had its price target decreased by UBS AG from $50.00 to $43.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the pipeline company’s stock. UBS AG’s price target points to a potential upside of 15.16% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Citigroup Inc. decreased their target price on shares of NuStar Energy L.P. from $51.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 10th. Wells Fargo & Company lowered shares of NuStar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Stifel Nicolaus restated a “hold” rating and set a $46.00 target price on shares of NuStar Energy L.P. in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of NuStar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub lowered shares of NuStar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.38.
Shares of NuStar Energy L.P. (NYSE:NS) opened at 37.34 on Tuesday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 51.29 and a beta of 1.40. The stock has a 50 day moving average of $40.28 and a 200-day moving average of $44.29. NuStar Energy L.P. has a 1-year low of $37.21 and a 1-year high of $55.64.
NuStar Energy L.P. (NYSE:NS) last announced its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.28). The firm had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. NuStar Energy L.P. had a net margin of 6.03% and a return on equity of 1.10%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities analysts anticipate that NuStar Energy L.P. will post $1.09 EPS for the current fiscal year.
In other NuStar Energy L.P. news, Director William E. Greehey bought 43,101 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the transaction, the director now owns 3,497,763 shares in the company, valued at $135,328,450.47. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William E. Greehey bought 6,899 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of $38.61 per share, with a total value of $266,370.39. Following the transaction, the director now owns 3,454,662 shares in the company, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 101,000 shares of company stock valued at $4,070,288. Corporate insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NS. The Manufacturers Life Insurance Company increased its position in NuStar Energy L.P. by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after purchasing an additional 163 shares in the last quarter. Ffcm LLC increased its position in NuStar Energy L.P. by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after purchasing an additional 1,683 shares in the last quarter. Botty Investors LLC acquired a new stake in NuStar Energy L.P. during the 2nd quarter worth approximately $127,000. Winslow Evans & Crocker Inc. increased its position in NuStar Energy L.P. by 708.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after purchasing an additional 2,832 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in NuStar Energy L.P. by 210.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 2,451 shares in the last quarter. 56.68% of the stock is owned by hedge funds and other institutional investors.
About NuStar Energy L.P.
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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