Nustar Energy (NS) Upgraded to “Buy” by Citigroup

Citigroup upgraded shares of Nustar Energy (NYSE:NS) from a neutral rating to a buy rating in a research report sent to investors on Tuesday. They currently have $33.00 target price on the pipeline company’s stock.

A number of other analysts also recently commented on NS. Zacks Investment Research downgraded Nustar Energy from a hold rating to a strong sell rating in a research note on Monday, August 7th. BidaskClub raised Nustar Energy from a strong sell rating to a sell rating in a research note on Saturday, August 26th. ValuEngine downgraded Nustar Energy from a hold rating to a sell rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a hold rating and issued a $42.00 price objective on shares of Nustar Energy in a research note on Thursday, October 12th. Finally, UBS cut their target price on Nustar Energy from $50.00 to $43.00 and set a buy rating on the stock in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $40.38.

Shares of Nustar Energy (NYSE:NS) traded down $0.24 during trading on Tuesday, reaching $29.81. The company’s stock had a trading volume of 503,800 shares, compared to its average volume of 382,477. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.77. The company has a market cap of $2,795.64, a P/E ratio of 79.08 and a beta of 1.27. Nustar Energy has a 52-week low of $26.21 and a 52-week high of $55.64.

Nustar Energy (NYSE:NS) last posted its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). Nustar Energy had a return on equity of 6.89% and a net margin of 6.09%. The firm had revenue of $440.60 million during the quarter, compared to the consensus estimate of $413.81 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts predict that Nustar Energy will post 0.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Thursday, November 9th were given a dividend of $1.095 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 14.69%. The ex-dividend date of this dividend was Wednesday, November 8th. Nustar Energy’s dividend payout ratio (DPR) is presently 1,152.66%.

Institutional investors have recently made changes to their positions in the company. Keybank National Association OH grew its holdings in shares of Nustar Energy by 1.5% during the second quarter. Keybank National Association OH now owns 6,777 shares of the pipeline company’s stock valued at $316,000 after buying an additional 102 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Nustar Energy by 1.3% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,219 shares of the pipeline company’s stock valued at $383,000 after buying an additional 104 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Nustar Energy by 0.5% during the second quarter. Bahl & Gaynor Inc. now owns 19,623 shares of the pipeline company’s stock valued at $977,000 after buying an additional 107 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Nustar Energy by 2.0% during the second quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock valued at $360,000 after buying an additional 150 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Nustar Energy by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after buying an additional 163 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

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Nustar Energy Company Profile

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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