FY2016 EPS Estimates for NuStar Energy L.P. (NS) Lifted by Analyst
NuStar Energy L.P. (NYSE:NS) – Research analysts at US Capital Advisors lifted their FY2016 earnings estimates for shares of NuStar Energy L.P. in a research note issued to investors on Friday. US Capital Advisors analyst J. Carreker now expects that the firm will post earnings per share of $2.16 for the year, up from their prior forecast of $2.13. US Capital Advisors has a “Overweight” rating on the stock. US Capital Advisors also issued estimates for NuStar Energy L.P.’s Q4 2016 earnings at $0.56 EPS, Q1 2017 earnings at $0.53 EPS, Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.56 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.20 EPS and FY2018 earnings at $2.45 EPS.
Other analysts have also recently issued reports about the stock. Credit Suisse Group AG set a $48.00 price objective on shares of NuStar Energy L.P. and gave the stock a “sell” rating in a research note on Sunday. TheStreet cut shares of NuStar Energy L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research cut shares of NuStar Energy L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Mizuho began coverage on shares of NuStar Energy L.P. in a research note on Thursday, September 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Piper Jaffray Cos. raised shares of NuStar Energy L.P. from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. NuStar Energy L.P. currently has a consensus rating of “Hold” and a consensus target price of $48.36.
Shares of NuStar Energy L.P. (NYSE:NS) opened at 47.57 on Monday. NuStar Energy L.P. has a 1-year low of $25.65 and a 1-year high of $53.47. The company has a market capitalization of $3.71 billion, a P/E ratio of 21.69 and a beta of 1.25. The firm has a 50-day moving average of $47.03 and a 200 day moving average of $48.26.
NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.02. The business had revenue of $441.40 million for the quarter, compared to analyst estimates of $454.25 million. The firm’s revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share.
Institutional investors have recently added to or reduced their stakes in the stock. Commerce Bank raised its position in NuStar Energy L.P. by 0.5% in the third quarter. Commerce Bank now owns 15,956 shares of the company’s stock valued at $791,000 after buying an additional 85 shares during the period. Cullen Frost Bankers Inc. raised its stake in NuStar Energy L.P. by 1.4% in the second quarter. Cullen Frost Bankers Inc. now owns 8,611 shares of the company’s stock valued at $429,000 after buying an additional 120 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in NuStar Energy L.P. by 2.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,010 shares of the company’s stock valued at $399,000 after buying an additional 185 shares during the period. Advisory Research Inc. raised its stake in NuStar Energy L.P. by 3.2% in the second quarter. Advisory Research Inc. now owns 6,715 shares of the company’s stock valued at $334,000 after buying an additional 210 shares during the period. Finally, WealthTrust Arizona LLC raised its stake in NuStar Energy L.P. by 1.5% in the third quarter. WealthTrust Arizona LLC now owns 14,971 shares of the company’s stock valued at $742,000 after buying an additional 225 shares during the period.
In other NuStar Energy L.P. news, Director William E. Greehey acquired 1,991 shares of the stock in a transaction on Wednesday, September 28th. The stock was acquired at an average price of $47.00 per share, for a total transaction of $93,577.00. Following the completion of the transaction, the director now directly owns 3,031,981 shares of the company’s stock, valued at $142,503,107. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Tuesday, November 8th were given a dividend of $1.095 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $4.38 annualized dividend and a yield of 9.21%.
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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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