NuStar Energy L.P. (NYSE:NS) Expected to Post Quarterly Sales of $381.50 Million

Equities analysts expect that NuStar Energy L.P. (NYSE:NS) will post $381.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for NuStar Energy’s earnings. The highest sales estimate is $381.99 million and the lowest is $381.00 million. NuStar Energy reported sales of $490.36 million during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, November 5th.

On average, analysts expect that NuStar Energy will report full-year sales of $1.63 billion for the current financial year, with estimates ranging from $1.62 billion to $1.63 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.56 billion, with estimates ranging from $1.52 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for NuStar Energy.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $372.45 million during the quarter, compared to analysts’ expectations of $474.77 million. NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS.

Several analysts have commented on NS shares. Mizuho started coverage on NuStar Energy in a report on Friday, August 2nd. They issued a “neutral” rating and a $32.00 price target for the company. ValuEngine cut NuStar Energy from a “hold” rating to a “sell” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.60.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of NuStar Energy by 15,258.6% during the 2nd quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock worth $355,715,000 after purchasing an additional 13,021,347 shares during the period. Tortoise Capital Advisors L.L.C. grew its holdings in shares of NuStar Energy by 43.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock worth $157,521,000 after purchasing an additional 1,768,331 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of NuStar Energy by 5.2% during the 1st quarter. Neuberger Berman Group LLC now owns 2,858,066 shares of the pipeline company’s stock worth $76,854,000 after purchasing an additional 140,519 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NuStar Energy by 151.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock worth $20,629,000 after purchasing an additional 468,940 shares during the period. Finally, Morgan Stanley grew its holdings in shares of NuStar Energy by 17.9% during the 2nd quarter. Morgan Stanley now owns 775,468 shares of the pipeline company’s stock worth $21,046,000 after purchasing an additional 117,530 shares during the period. Institutional investors own 63.09% of the company’s stock.

NS traded down $0.10 during midday trading on Friday, hitting $27.82. The company’s stock had a trading volume of 427,393 shares, compared to its average volume of 760,458. The company has a current ratio of 1.43, a quick ratio of 1.40 and a debt-to-equity ratio of 3.22. The firm has a market cap of $2.98 billion, a P/E ratio of 41.52, a PEG ratio of 14.90 and a beta of 1.55. The firm has a 50-day moving average price of $27.89 and a two-hundred day moving average price of $27.53. NuStar Energy has a 52-week low of $19.81 and a 52-week high of $30.06.

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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