NuStar Energy L.P. (NYSE:NS) Receives $47.00 Consensus PT from Analysts
Shares of NuStar Energy L.P. (NYSE:NS) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.00.
Several research analysts have recently commented on the company. US Capital Advisors reaffirmed an “overweight” rating on shares of NuStar Energy L.P. in a research note on Wednesday, September 21st. Mizuho assumed coverage on NuStar Energy L.P. in a research note on Thursday. They issued a “neutral” rating on the stock. Credit Suisse Group AG downgraded NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $46.00 to $47.00 in a research note on Wednesday, August 3rd. Simmons reaffirmed a “neutral” rating and issued a $47.00 price objective (up previously from $46.00) on shares of NuStar Energy L.P. in a research note on Saturday, June 25th. Finally, Stifel Nicolaus raised NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, September 13th. They noted that the move was a valuation call.
Shares of NuStar Energy L.P. (NYSE:NS) opened at 48.75 on Tuesday. NuStar Energy L.P. has a 52-week low of $25.65 and a 52-week high of $53.47. The company has a market cap of $3.80 billion, a P/E ratio of 20.67 and a beta of 1.25. The company has a 50-day moving average price of $47.51 and a 200-day moving average price of $47.22.
NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The company earned $437.80 million during the quarter, compared to the consensus estimate of $432.50 million. During the same period last year, the business earned $0.54 EPS. The firm’s quarterly revenue was down 23.3% compared to the same quarter last year. On average, equities analysts predict that NuStar Energy L.P. will post $2.16 EPS for the current year.
In related news, Director William E. Greehey acquired 20,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was acquired at an average cost of $48.80 per share, with a total value of $976,000.00. Following the purchase, the director now directly owns 3,029,990 shares of the company’s stock, valued at $147,863,512. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William E. Greehey acquired 1,991 shares of the stock in a transaction dated Wednesday, September 28th. The stock was bought at an average cost of $47.00 per share, with a total value of $93,577.00. Following the completion of the purchase, the director now directly owns 3,031,981 shares in the company, valued at $142,503,107. The disclosure for this purchase can be found here.
Several large investors have recently bought and sold shares of NS. Glenmede Trust Co. NA raised its stake in NuStar Energy L.P. by 34.3% in the second quarter. Glenmede Trust Co. NA now owns 3,037 shares of the company’s stock valued at $151,000 after buying an additional 775 shares during the last quarter. Advisor Group Inc. bought a new stake in NuStar Energy L.P. during the second quarter valued at about $181,000. Douglass Winthrop Advisors LLC bought a new stake in NuStar Energy L.P. during the second quarter valued at about $206,000. Sigma Planning Corp bought a new stake in NuStar Energy L.P. during the second quarter valued at about $215,000. Finally, IFP Advisors Inc raised its stake in NuStar Energy L.P. by 1.6% in the first quarter. IFP Advisors Inc now owns 5,349 shares of the company’s stock valued at $216,000 after buying an additional 86 shares during the last quarter.
NuStar Energy L.P. Company Profile
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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