NuStar Energy (NS) Releases Earnings Results, Misses Estimates By $0.17 EPS

NuStar Energy (NYSE:NS) announced its earnings results on Thursday. The pipeline company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.17), Zacks Earnings Dates reports. The business 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 8.72%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share.

NuStar Energy (NS) traded down $1.01 during trading hours on Friday, reaching $24.29. 2,841,601 shares of the company were exchanged, compared to its average volume of 638,067. NuStar Energy has a 1 year low of $22.79 and a 1 year high of $54.90. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77. The stock has a market cap of $2,353.73, a price-to-earnings ratio of 35.20 and a beta of 1.19.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 8th will be given a $1.095 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $4.38 dividend on an annualized basis and a yield of 18.03%. NuStar Energy’s dividend payout ratio (DPR) is 634.79%.

A number of equities analysts have recently commented on NS shares. UBS Group cut their target price on shares of NuStar Energy from $50.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Citigroup raised shares of NuStar Energy from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, December 5th. Mizuho reaffirmed a “hold” rating and issued a $47.00 target price on shares of NuStar Energy in a report on Friday, October 20th. Stifel Nicolaus cut their target price on shares of NuStar Energy from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Finally, Barclays cut their target price on shares of NuStar Energy from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. NuStar Energy currently has a consensus rating of “Hold” and an average target price of $35.44.

An institutional investor recently raised its position in NuStar Energy stock. The Manufacturers Life Insurance Company boosted its position in NuStar Energy L.P. (NYSE:NS) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,406 shares of the pipeline company’s stock after buying an additional 163 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in NuStar Energy were worth $112,000 as of its most recent SEC filing. 57.62% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for NuStar Energy (NYSE:NS)

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