Citigroup Trims NuStar Energy (NS) Target Price to $25.00

NuStar Energy (NYSE:NS) had its price target reduced by Citigroup from $27.00 to $25.00 in a report issued on Thursday. They currently have a neutral rating on the pipeline company’s stock.

A number of other research firms have also recently commented on NS. Zacks Investment Research cut shares of NuStar Energy from a buy rating to a hold rating in a report on Friday, August 10th. JPMorgan Chase & Co. lifted their price target on shares of NuStar Energy from $25.00 to $28.00 and gave the stock a neutral rating in a report on Friday, August 24th. Stifel Nicolaus boosted their target price on shares of NuStar Energy from $27.00 to $28.00 and gave the company a hold rating in a report on Wednesday, August 15th. Barclays boosted their target price on shares of NuStar Energy from $25.00 to $27.00 and gave the company an equal weight rating in a report on Wednesday, August 8th. Finally, ValuEngine raised shares of NuStar Energy from a sell rating to a hold rating in a report on Wednesday, November 7th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $26.63.

NYSE:NS opened at $24.17 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $2.59 billion, a P/E ratio of 37.77 and a beta of 1.73. NuStar Energy has a 12 month low of $19.22 and a 12 month high of $35.91.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $490.40 million for the quarter, compared to analysts’ expectations of $472.87 million. NuStar Energy had a net margin of 12.03% and a return on equity of 32.29%. NuStar Energy’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, sell-side analysts expect that NuStar Energy will post 1.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Thursday, November 8th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, November 7th. This represents a $2.40 dividend on an annualized basis and a yield of 9.93%. NuStar Energy’s payout ratio is 375.00%.

Hedge funds have recently modified their holdings of the business. Chemical Bank bought a new stake in NuStar Energy during the 3rd quarter valued at $218,000. Independent Advisor Alliance bought a new stake in NuStar Energy during the 3rd quarter valued at $231,000. Cambridge Investment Research Advisors Inc. bought a new stake in NuStar Energy during the 3rd quarter valued at $229,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of NuStar Energy during the 3rd quarter valued at $259,000. Finally, Prospera Financial Services Inc purchased a new position in shares of NuStar Energy during the 3rd quarter valued at $216,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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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