NuStar Energy (NS) Rating Increased to Hold at ValuEngine

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.

NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. NuStar Energy had a net margin of 12.03% and a return on equity of 32.29%. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $472.87 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts predict that NuStar Energy will post 1.56 EPS for the current fiscal year.

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.

See Also: Depreciation

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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