UBS Group lowered shares of NuStar Energy (NYSE:NS) from a buy rating to a neutral rating in a research note released on Thursday, www.benzinga.com reports.
Several other analysts also recently issued reports on the company. ValuEngine downgraded NuStar Energy from a hold rating to a sell rating in a report on Tuesday, October 23rd. Citigroup cut their price objective on NuStar Energy from $27.00 to $25.00 and set a neutral rating on the stock in a report on Thursday, November 29th. Finally, Zacks Investment Research upgraded NuStar Energy from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $26.44.
NYSE NS opened at $25.00 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.79 and a current ratio of 0.87. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 39.06 and a beta of 1.61. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $35.91.
NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $490.40 million for the quarter, compared to the consensus estimate of $472.87 million. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. On average, sell-side analysts expect that NuStar Energy will post 1.56 earnings per share for the current year.
In other news, Director Dan J. Hill purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 24th. The stock was acquired at an average price of $20.73 per share, with a total value of $41,460.00. Following the purchase, the director now owns 38,631 shares in the company, valued at approximately $800,820.63. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Greehey purchased 100,000 shares of the stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average cost of $22.98 per share, with a total value of $2,298,000.00. Following the purchase, the director now owns 9,058,682 shares in the company, valued at approximately $208,168,512.36. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NS. OppenheimerFunds Inc. boosted its position in NuStar Energy by 32.3% during the third quarter. OppenheimerFunds Inc. now owns 11,781,549 shares of the pipeline company’s stock worth $327,527,000 after purchasing an additional 2,873,964 shares during the period. Neuberger Berman Group LLC boosted its position in NuStar Energy by 345.2% during the third quarter. Neuberger Berman Group LLC now owns 3,033,745 shares of the pipeline company’s stock worth $84,339,000 after purchasing an additional 2,352,353 shares during the period. Alps Advisors Inc. boosted its position in NuStar Energy by 31.4% during the third quarter. Alps Advisors Inc. now owns 8,621,448 shares of the pipeline company’s stock worth $239,676,000 after purchasing an additional 2,057,744 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in NuStar Energy during the third quarter worth approximately $36,035,000. Finally, Tortoise Capital Advisors L.L.C. boosted its position in NuStar Energy by 18.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 2,918,079 shares of the pipeline company’s stock worth $81,123,000 after purchasing an additional 461,705 shares during the period. 58.53% of the stock is owned by hedge funds and other institutional investors.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. 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.
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