NuStar Energy (NYSE:NS) was downgraded by equities research analysts at B. Riley to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $26.00 price target on the pipeline company’s stock. B. Riley’s target price indicates a potential upside of 22.58% from the stock’s current price.
Several other research analysts also recently commented on the stock. Citigroup raised shares of NuStar Energy from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, December 5th. Zacks Investment Research raised shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of NuStar Energy from $34.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 13th. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus set a $32.00 price target on shares of NuStar Energy and gave the stock a “hold” rating in a research note on Sunday, December 3rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
Shares of NuStar Energy (NYSE NS) traded down $0.17 during trading on Tuesday, reaching $21.21. 909,452 shares of the company’s stock traded hands, compared to its average volume of 846,717. NuStar Energy has a twelve month low of $19.65 and a twelve month high of $52.68. The company has a market capitalization of $2,045.34, a price-to-earnings ratio of 30.75 and a beta of 1.45. The company has a current ratio of 0.38, a quick ratio of 0.34 and a debt-to-equity ratio of 1.32.
NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, February 8th. The pipeline company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.17). The business had revenue of $450.50 million for the quarter, compared to analysts’ expectations of $435.46 million. NuStar Energy had a return on equity of 7.82% and a net margin of 8.16%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. analysts anticipate that NuStar Energy will post 1.61 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in shares of NuStar Energy by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after buying an additional 163 shares during the period. BNP Paribas Arbitrage SA purchased a new position in NuStar Energy during the 3rd quarter valued at $217,000. Chicago Partners Investment Group LLC increased its position in NuStar Energy by 197.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,361 shares of the pipeline company’s stock valued at $218,000 after purchasing an additional 3,561 shares during the period. Kovack Advisors Inc. purchased a new position in NuStar Energy during the 4th quarter valued at $206,000. Finally, Icon Wealth Partners LLC purchased a new position in NuStar Energy during the 4th quarter valued at $212,000. 60.07% of the stock is currently owned by institutional investors.
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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