NuStar Energy (NYSE:NS) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of NuStar Energy (NYSE:NS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other brokerages have also recently weighed in on NS. Zacks Investment Research cut shares of NuStar Energy from a buy rating to a hold rating in a research note on Monday, May 20th. Mizuho initiated coverage on NuStar Energy in a report on Friday, August 2nd. They set a neutral rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $28.60.

Shares of NYSE:NS traded up $1.10 during midday trading on Thursday, reaching $27.99. The company’s stock had a trading volume of 93,133 shares, compared to its average volume of 312,214. The firm has a 50 day moving average of $27.49 and a 200-day moving average of $27.27. The firm has a market capitalization of $2.89 billion, a P/E ratio of 41.75, a PEG ratio of 16.58 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 3.22. NuStar Energy has a 12-month low of $19.81 and a 12-month high of $29.53.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The firm had revenue of $372.45 million for the quarter, compared to analysts’ expectations of $474.77 million. During the same period last year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, research analysts predict that NuStar Energy will post 1.86 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of NuStar Energy in the 2nd quarter worth approximately $32,000. NEXT Financial Group Inc grew its stake in shares of NuStar Energy by 277.5% during the second quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,110 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of NuStar Energy during the second quarter worth about $50,000. Seven Post Investment Office LP purchased a new stake in NuStar Energy in the first quarter valued at approximately $207,000. Finally, Independent Advisor Alliance purchased a new stake in NuStar Energy in the first quarter valued at approximately $223,000. 75.19% of the stock is currently owned by hedge funds and other institutional investors.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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