Shares of Nustar Energy L.P. (NYSE:NS) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $37.38.
Several research firms recently weighed in on NS. ValuEngine cut shares of Nustar Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. US Capital Advisors cut shares of Nustar Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Nustar Energy from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Wells Fargo & Co reiterated a “market perform” rating and issued a $37.00 target price (down previously from $42.00) on shares of Nustar Energy in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $32.00 target price on shares of Nustar Energy and gave the company a “hold” rating in a research note on Sunday, December 3rd.
Shares of Nustar Energy (NYSE NS) traded up $0.36 during trading hours on Wednesday, hitting $34.22. The stock had a trading volume of 779,700 shares, compared to its average volume of 550,569. The firm has a market capitalization of $3,180.00, a P/E ratio of 90.05 and a beta of 1.27. Nustar Energy has a 12 month low of $26.21 and a 12 month high of $55.64. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NS. Alps Advisors Inc. lifted its stake in Nustar Energy by 11.3% during the third quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock worth $260,680,000 after purchasing an additional 649,543 shares during the period. Center Coast Capital Advisors LP lifted its stake in Nustar Energy by 12.3% during the third quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock worth $189,046,000 after purchasing an additional 509,808 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake in Nustar Energy by 2.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 4,395,490 shares of the pipeline company’s stock worth $178,413,000 after purchasing an additional 84,082 shares during the period. Goldman Sachs Group Inc. lifted its stake in Nustar Energy by 15.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,734,332 shares of the pipeline company’s stock worth $174,132,000 after purchasing an additional 492,279 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Nustar Energy by 16.4% during the third quarter. JPMorgan Chase & Co. now owns 1,760,994 shares of the pipeline company’s stock worth $70,863,000 after purchasing an additional 248,106 shares during the period. Institutional investors and hedge funds own 57.57% of the company’s stock.
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About Nustar Energy
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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