NuStar Energy L.P. (NYSE:NS) Receives $17.75 Average Target Price from Brokerages

NuStar Energy L.P. (NYSE:NS – Get Rating) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.10.

NS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of NuStar Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday. Stifel Nicolaus upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating and dropped their target price for the company from $20.00 to $19.50 in a research report on Monday. Wells Fargo & Company lowered shares of NuStar Energy from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $18.00 to $16.00 in a research report on Friday, December 16th. Mizuho raised their target price on NuStar Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Finally, StockNews.com raised NuStar Energy from a “hold” rating to a “buy” rating in a research note on Thursday, February 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC purchased a new stake in NuStar Energy in the 4th quarter valued at about $34,000. Clearstead Advisors LLC purchased a new stake in NuStar Energy in the 2nd quarter valued at about $49,000. Steward Partners Investment Advisory LLC grew its holdings in shares of NuStar Energy by 1,610.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 2,898 shares during the period. Van ECK Associates Corp grew its holdings in shares of NuStar Energy by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 8,793 shares of the pipeline company’s stock worth $123,000 after purchasing an additional 1,221 shares during the period. Finally, American Financial Group Inc. purchased a new stake in shares of NuStar Energy during the 3rd quarter worth about $135,000. Institutional investors and hedge funds own 67.30% of the company’s stock.

NuStar Energy Stock Performance

NS stock opened at $16.22 on Monday. The firm has a fifty day moving average price of $16.57 and a 200 day moving average price of $15.85. NuStar Energy has a fifty-two week low of $12.80 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 22.56, a quick ratio of 0.96 and a current ratio of 1.04. The firm has a market cap of $1.80 billion, a PE ratio of 45.06 and a beta of 1.87.

NuStar Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Wednesday, February 8th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.86%. The ex-dividend date was Tuesday, February 7th. NuStar Energy’s dividend payout ratio (DPR) is presently 444.46%.

NuStar Energy Company Profile

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NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.