NuStar Energy (NYSE:NS) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of NuStar Energy (NYSE:NS) in a report released on Monday. The brokerage issued a buy rating on the pipeline company’s stock.

Several other equities research analysts also recently commented on NS. Stifel Nicolaus restated a hold rating and set a $23.00 price objective (up previously from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. JPMorgan Chase & Co. restated an underweight rating and set a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. Wells Fargo & Company upgraded shares of NuStar Energy from an underweight rating to an equal weight rating and lifted their price objective for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. Finally, Raymond James reissued a market perform rating on shares of NuStar Energy in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $19.33.

NuStar Energy Stock Up 1.6 %

Shares of NYSE:NS opened at $22.94 on Monday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.31 and a beta of 1.70. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76. The business’s 50-day moving average is $23.05 and its 200-day moving average is $20.47. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Equities research analysts predict that NuStar Energy will post 1.1 earnings per share for the current year.

NuStar Energy Announces Dividend

The firm also recently announced a None dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Friday, April 26th will be given a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, April 25th. NuStar Energy’s payout ratio is presently 225.35%.

Institutional Investors Weigh In On NuStar Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC grew its position in NuStar Energy by 12.8% in the 3rd quarter. AE Wealth Management LLC now owns 11,472 shares of the pipeline company’s stock worth $200,000 after purchasing an additional 1,303 shares in the last quarter. F&V Capital Management LLC grew its position in NuStar Energy by 36.0% in the 3rd quarter. F&V Capital Management LLC now owns 19,850 shares of the pipeline company’s stock worth $346,000 after purchasing an additional 5,250 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in NuStar Energy by 7.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 193,374 shares of the pipeline company’s stock worth $3,372,000 after purchasing an additional 13,138 shares in the last quarter. Lindbrook Capital LLC bought a new stake in NuStar Energy in the 3rd quarter worth about $313,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in NuStar Energy by 25.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,025,635 shares of the pipeline company’s stock worth $87,647,000 after purchasing an additional 1,032,722 shares in the last quarter. 63.13% of the stock is owned by institutional investors.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.