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

Investment analysts at StockNews.com assumed coverage on shares of NuStar Energy (NYSE:NSGet Free Report) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the pipeline company’s stock.

Several other analysts have also recently issued reports on NS. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.80.

Check Out Our Latest Stock Analysis on NS

NuStar Energy Price Performance

NS opened at $21.96 on Wednesday. NuStar Energy has a twelve month low of $14.70 and a twelve month high of $24.50. The company’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $20.84. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 30.93 and a beta of 1.69. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 12.93.

NuStar Energy (NYSE:NSGet Free Report) last issued its earnings results on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.15). NuStar Energy had a return on equity of 88.49% and a net margin of 12.90%. The business had revenue of $390.80 million for the quarter, compared to the consensus estimate of $413.12 million. The company’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that NuStar Energy will post 1.1 earnings per share for the current year.

Institutional Trading of NuStar Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of NuStar Energy by 1.0% during the 3rd quarter. Invesco Ltd. now owns 20,566,959 shares of the pipeline company’s stock worth $358,688,000 after acquiring an additional 194,568 shares during the period. Alps Advisors Inc. boosted its position in shares of NuStar Energy by 30.0% during the third quarter. Alps Advisors Inc. now owns 19,865,418 shares of the pipeline company’s stock valued at $346,453,000 after purchasing an additional 4,586,344 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NuStar Energy by 21.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,112,629 shares of the pipeline company’s stock worth $114,184,000 after purchasing an additional 1,086,994 shares during the period. Goldman Sachs Group Inc. raised its holdings in NuStar Energy by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,535,454 shares of the pipeline company’s stock worth $66,042,000 after purchasing an additional 351,608 shares in the last quarter. Finally, Blackstone Inc. raised its holdings in NuStar Energy by 46.8% in the fourth quarter. Blackstone Inc. now owns 3,401,626 shares of the pipeline company’s stock worth $63,542,000 after purchasing an additional 1,084,858 shares in the last quarter. Hedge funds and other institutional investors own 63.13% of the company’s stock.

About NuStar Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NuStar Energy (NYSE:NS)

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