NuStar Energy (NS) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a sell rating to a hold rating in a research note published on Wednesday morning.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on NuStar Energy from $25.00 to $28.00 and gave the company a neutral rating in a report on Friday, August 24th. Stifel Nicolaus lifted their price target on NuStar Energy from $27.00 to $28.00 and gave the company a hold rating in a report on Wednesday, August 15th. Zacks Investment Research cut NuStar Energy from a buy rating to a hold rating in a report on Friday, August 10th. Barclays lifted their price target on NuStar Energy from $25.00 to $27.00 and gave the company an equal weight rating in a report on Wednesday, August 8th. Finally, Citigroup lifted their price target on NuStar Energy from $22.00 to $27.00 and gave the company a neutral rating in a report on Wednesday, August 8th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $28.00.

Shares of NYSE NS traded down $0.33 during midday trading on Wednesday, reaching $25.25. 33,067 shares of the company traded hands, compared to its average volume of 656,673. The stock has a market cap of $2.84 billion, a PE ratio of 39.47 and a beta of 1.73. NuStar Energy has a 12 month low of $19.22 and a 12 month high of $35.91. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.61 and a current ratio of 0.70.

NuStar Energy (NYSE:NS) last released its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. NuStar Energy had a return on equity of 30.73% and a net margin of 12.03%. The business had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $472.87 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, November 7th. This represents a $2.40 annualized dividend and a yield of 9.50%. NuStar Energy’s dividend payout ratio is currently 375.00%.

A number of large investors have recently made changes to their positions in the business. OppenheimerFunds Inc. raised its holdings in NuStar Energy by 9.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 8,907,585 shares of the pipeline company’s stock worth $201,757,000 after purchasing an additional 757,845 shares during the last quarter. Alps Advisors Inc. raised its holdings in NuStar Energy by 31.4% during the 3rd quarter. Alps Advisors Inc. now owns 8,621,448 shares of the pipeline company’s stock worth $239,676,000 after purchasing an additional 2,057,744 shares during the last quarter. Global X Management Co LLC raised its holdings in NuStar Energy by 22.5% during the 2nd quarter. Global X Management Co LLC now owns 1,100,380 shares of the pipeline company’s stock worth $24,924,000 after purchasing an additional 202,038 shares during the last quarter. Wells Fargo & Company MN raised its holdings in NuStar Energy by 56.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,079,212 shares of the pipeline company’s stock worth $30,003,000 after purchasing an additional 390,228 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in NuStar Energy during the 2nd quarter worth about $11,585,000. 48.67% of the stock is owned by hedge funds and other institutional investors.

About NuStar Energy

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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Analyst Recommendations for NuStar Energy (NYSE:NS)

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