Zacks Investment Research upgraded shares of NuStar Energy L.P. (NYSE:NS) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $55.00 target price on the stock.

According to Zacks, “NuStar Energy owns a large and diverse asset portfolio that provides highly certain cash flows. Despite crude's historic decline, the partnership's low-risk business structure has enabled it to maintain its excellent track record of earnings surprise history, beating estimates in three of the last four quarters. Other positive attributes include its investment grade rating and strong track record for distribution growth. Finally, NuStar’s fee-based transportation and storage assets make it less susceptible to commodity price weakness. Therefore, being incrementally more positive on the partnership – particularly with its yield fairly well protected – we see the stock performing above the broader market.”

A number of other research analysts have also recently issued reports on the stock. FBR & Co initiated coverage on shares of NuStar Energy L.P. in a report on Friday, September 9th. They set a market perform rating and a $48.00 price objective for the company. Citigroup Inc. upgraded shares of NuStar Energy L.P. from a neutral rating to a buy rating and lifted their price objective for the company from $51.00 to $52.00 in a report on Friday, August 12th. Stifel Nicolaus upgraded shares of NuStar Energy L.P. from a hold rating to a buy rating and set a $49.00 price objective for the company in a report on Tuesday, September 13th. They noted that the move was a valuation call. Simmons reiterated a neutral rating and set a $47.00 price objective (up from $46.00) on shares of NuStar Energy L.P. in a report on Saturday, June 25th. Finally, Mizuho initiated coverage on shares of NuStar Energy L.P. in a report on Thursday, September 29th. They set a neutral rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $48.10.

Analyst Recommendations for NuStar Energy L.P. (NYSE:NS)

NuStar Energy L.P. (NYSE:NS) opened at 49.07 on Tuesday. The firm has a 50-day moving average of $47.55 and a 200 day moving average of $47.53. NuStar Energy L.P. has a 12-month low of $25.65 and a 12-month high of $53.47. The company has a market capitalization of $3.82 billion, a PE ratio of 20.80 and a beta of 1.25.

NuStar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $437.80 million for the quarter, compared to analyst estimates of $432.50 million. The firm’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Analysts forecast that NuStar Energy L.P. will post $2.16 EPS for the current fiscal year.

In other news, Director William E. Greehey bought 1,991 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were acquired at an average price of $47.00 per share, with a total value of $93,577.00. Following the acquisition, the director now owns 3,031,981 shares of the company’s stock, valued at approximately $142,503,107. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Greehey bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average cost of $48.80 per share, for a total transaction of $976,000.00. Following the acquisition, the director now directly owns 3,029,990 shares in the company, valued at approximately $147,863,512. The disclosure for this purchase can be found here.

Hedge funds have recently bought and sold shares of the company. 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 worth $151,000 after buying an additional 775 shares during the period. Advisor Group Inc. purchased a new stake in NuStar Energy L.P. during the second quarter worth $181,000. Douglass Winthrop Advisors LLC purchased a new stake in NuStar Energy L.P. during the second quarter worth $206,000. Sigma Planning Corp purchased a new stake in NuStar Energy L.P. during the second quarter worth $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 worth $216,000 after buying an additional 86 shares during the period.

About NuStar Energy L.P.

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.

5 Day Chart for NYSE:NS

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