ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a sell rating to a hold rating in a report issued on Friday morning.
Several other equities analysts also recently issued reports on NS. Citigroup reduced their price objective on shares of NuStar Energy from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Thursday, November 29th. Zacks Investment Research downgraded shares of NuStar Energy from a buy rating to a hold rating in a research note on Wednesday, November 14th. JPMorgan Chase & Co. upped their price objective on shares of NuStar Energy from $25.00 to $28.00 and gave the company a neutral rating in a research note on Friday, August 24th. Finally, Stifel Nicolaus upped their price objective on shares of NuStar Energy from $27.00 to $28.00 and gave the company a hold rating in a research note on Wednesday, August 15th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $26.63.
Shares of NYSE NS opened at $24.60 on Friday. NuStar Energy has a 12-month low of $19.22 and a 12-month high of $35.91. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 38.44 and a beta of 1.64. 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 also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 8th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 9.76%. The ex-dividend date of this dividend was Wednesday, November 7th. NuStar Energy’s payout ratio is 375.00%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc acquired a new position in NuStar Energy during the third quarter worth approximately $216,000. Chemical Bank acquired a new position in NuStar Energy during the third quarter worth approximately $218,000. Cambridge Investment Research Advisors Inc. acquired a new position in NuStar Energy during the third quarter worth approximately $229,000. Independent Advisor Alliance acquired a new position in NuStar Energy during the third quarter worth approximately $231,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in NuStar Energy during the third quarter worth approximately $259,000. 58.78% of the stock is currently owned by institutional investors and hedge funds.
NuStar Energy Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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