ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a sell rating to a hold rating in a report published on Monday, February 4th.
Other research analysts have also issued reports about the company. Bank of America assumed coverage on NuStar Energy in a research report on Friday, January 11th. They issued a neutral rating and a $27.00 price objective on the stock. US Capital Advisors reiterated a hold rating on shares of NuStar Energy in a research report on Wednesday, January 16th. Zacks Investment Research downgraded NuStar Energy from a strong-buy rating to a hold rating in a research note on Monday, January 21st. Citigroup cut their price target on NuStar Energy from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Thursday, November 29th. Finally, UBS Group downgraded NuStar Energy from a buy rating to a neutral rating in a research note on Thursday, January 10th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $26.67.
NYSE NS traded up $0.22 during trading hours on Monday, reaching $26.13. 510,496 shares of the company’s stock were exchanged, compared to its average volume of 512,912. The firm has a market cap of $2.80 billion, a PE ratio of 39.00 and a beta of 1.76. NuStar Energy has a one year low of $19.22 and a one year high of $29.12. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.87 and a quick ratio of 0.79.
NuStar Energy (NYSE:NS) last released its quarterly earnings results on Thursday, January 31st. The pipeline company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The business had revenue of $509.31 million for the quarter, compared to the consensus estimate of $463.69 million. NuStar Energy had a return on equity of 37.38% and a net margin of 10.49%. As a group, equities analysts expect that NuStar Energy will post 1.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 8th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 9.18%. The ex-dividend date of this dividend was Thursday, February 7th. NuStar Energy’s payout ratio is presently 358.21%.
In other news, Director Dan J. Hill bought 2,000 shares of the stock in a transaction on Monday, December 24th. The stock was purchased at an average price of $20.73 per share, for a total transaction of $41,460.00. Following the acquisition, the director now owns 38,631 shares in the company, valued at $800,820.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Greehey bought 100,000 shares of the stock in a transaction on Monday, December 17th. The shares were purchased at an average price of $22.98 per share, with a total value of $2,298,000.00. Following the acquisition, 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 have sold a total of 19,424 shares of company stock worth $514,283 in the last ninety days. 4.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Intercontinental Wealth Advisors LLC bought a new position in shares of NuStar Energy in the 4th quarter valued at about $38,000. Chemical Bank bought a new position in NuStar Energy during the third quarter worth about $218,000. Independent Advisor Alliance bought a new position in NuStar Energy during the third quarter worth about $231,000. Cambridge Investment Research Advisors Inc. bought a new position in NuStar Energy during the third quarter worth about $229,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in NuStar Energy during the third quarter worth about $259,000. Hedge funds and other institutional investors own 59.75% of the company’s stock.
NuStar Energy Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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