NuStar Energy (NYSE:NS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a strong sell rating to a sell rating in a report published on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of NuStar Energy from a buy rating to a hold rating and set a $30.00 price target on the stock. in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. NuStar Energy currently has an average rating of Hold and a consensus target price of $29.25.

NYSE NS opened at $28.04 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.26 and a debt-to-equity ratio of 2.86. The company has a fifty day moving average of $28.36 and a two-hundred day moving average of $27.78. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 15.77 and a beta of 1.58. NuStar Energy has a 52 week low of $19.81 and a 52 week high of $30.06.

NuStar Energy (NYSE:NS) last announced its earnings results on Tuesday, November 5th. The pipeline company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18). The firm had revenue of $378.06 million during the quarter, compared to analysts’ expectations of $397.50 million. NuStar Energy had a negative net margin of 10.42% and a positive return on equity of 10.82%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. Equities research analysts anticipate that NuStar Energy will post 1.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.40 annualized dividend and a dividend yield of 8.56%. NuStar Energy’s payout ratio is 358.21%.

In other NuStar Energy news, Director William E. Greehey bought 527,426 shares of NuStar Energy stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $28.44 per share, for a total transaction of $14,999,995.44. Following the completion of the purchase, the director now directly owns 9,646,530 shares in the company, valued at approximately $274,347,313.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.90% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in NuStar Energy by 15,258.6% in the 2nd quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock worth $355,715,000 after acquiring an additional 13,021,347 shares in the last quarter. Alps Advisors Inc. increased its position in shares of NuStar Energy by 37.9% during the third quarter. Alps Advisors Inc. now owns 11,812,243 shares of the pipeline company’s stock worth $334,523,000 after acquiring an additional 3,244,972 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of NuStar Energy by 43.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock worth $157,521,000 after acquiring an additional 1,768,331 shares during the period. JPMorgan Chase & Co. increased its position in shares of NuStar Energy by 151.9% during the second quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock worth $20,629,000 after acquiring an additional 468,940 shares during the period. Finally, BlackRock Inc. raised its stake in shares of NuStar Energy by 58,570.1% during the second quarter. BlackRock Inc. now owns 374,315 shares of the pipeline company’s stock valued at $10,159,000 after acquiring an additional 373,677 shares in the last quarter. 64.47% of the stock is owned by institutional investors.

About NuStar Energy

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.

Further Reading: What are the qualifications of a portfolio manager?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NuStar Energy (NYSE:NS)

Receive News & Ratings for NuStar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy and related companies with's FREE daily email newsletter.