$0.19 EPS Expected for NuStar Energy L.P. (NYSE:NS) This Quarter

Brokerages expect that NuStar Energy L.P. (NYSE:NS) will report earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for NuStar Energy’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.41. NuStar Energy reported earnings per share of $0.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.7%. The business is expected to report its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that NuStar Energy will report full year earnings of ($1.69) per share for the current fiscal year, with EPS estimates ranging from ($2.18) to ($1.15). For the next year, analysts anticipate that the business will post earnings of $1.25 per share, with EPS estimates ranging from $0.36 to $2.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for NuStar Energy.

NuStar Energy (NYSE:NS) last released its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $486.50 million during the quarter, compared to the consensus estimate of $542.91 million. NuStar Energy had a negative net margin of 10.05% and a positive return on equity of 27.72%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 earnings per share.

NS has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 price objective for the company. in a report on Wednesday, March 13th. ValuEngine downgraded NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research downgraded NuStar Energy from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.67.

In other news, Director William E. Greehey bought 68,075 shares of NuStar Energy stock in a transaction on Tuesday, May 14th. The stock was acquired at an average cost of $28.38 per share, for a total transaction of $1,931,968.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Covenant Multifamily Offices LLC purchased a new stake in NuStar Energy in the first quarter valued at approximately $193,000. Cetera Advisor Networks LLC raised its stake in shares of NuStar Energy by 6.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock worth $201,000 after buying an additional 613 shares during the period. Seven Post Investment Office LP acquired a new position in shares of NuStar Energy during the 1st quarter worth approximately $207,000. Independent Advisor Alliance acquired a new position in shares of NuStar Energy during the 1st quarter worth approximately $223,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of NuStar Energy during the 1st quarter worth approximately $251,000. Institutional investors and hedge funds own 62.95% of the company’s stock.

Shares of NS stock traded down $0.05 on Monday, hitting $26.25. The stock had a trading volume of 5,220 shares, compared to its average volume of 463,007. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market capitalization of $2.83 billion, a P/E ratio of 39.25, a PEG ratio of 17.19 and a beta of 1.61. NuStar Energy has a one year low of $19.81 and a one year high of $29.12.

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.

See Also: Price to Earnings Ratio (PE)

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Earnings History and Estimates for NuStar Energy (NYSE:NS)

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