Shares of Nustar Energy L.P. (NYSE:NS) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $50.29.

NS has been the subject of several analyst reports. BidaskClub upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating and issued a $46.00 target price on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. UBS AG restated a “buy” rating and issued a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Finally, ValuEngine lowered shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

In related news, Director Jesse D. Bates acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average price of $43.34 per share, for a total transaction of $43,340.00. Following the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $338,832.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William E. Greehey acquired 6,899 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $38.61 per share, with a total value of $266,370.39. Following the acquisition, the director now directly owns 3,454,662 shares in the company, valued at $133,384,499.82. The disclosure for this purchase can be found here. Insiders have purchased a total of 102,000 shares of company stock valued at $4,113,098 in the last quarter. 4.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WFG Advisors LP increased its position in Nustar Energy L.P. by 28.5% during the 2nd quarter. WFG Advisors LP now owns 5,621 shares of the pipeline company’s stock valued at $262,000 after purchasing an additional 1,245 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Nustar Energy L.P. by 3.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 81,833 shares of the pipeline company’s stock valued at $3,816,000 after purchasing an additional 3,014 shares during the period. The Manufacturers Life Insurance Company increased its position in Nustar Energy L.P. by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after purchasing an additional 163 shares during the period. CNH Partners LLC increased its position in Nustar Energy L.P. by 31.5% during the 2nd quarter. CNH Partners LLC now owns 15,439 shares of the pipeline company’s stock valued at $720,000 after purchasing an additional 3,700 shares during the period. Finally, Signet Financial Management LLC increased its position in Nustar Energy L.P. by 3.8% during the 2nd quarter. Signet Financial Management LLC now owns 31,215 shares of the pipeline company’s stock valued at $1,456,000 after purchasing an additional 1,130 shares during the period. 56.73% of the stock is currently owned by institutional investors and hedge funds.

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Nustar Energy L.P. (NS) traded up 1.47% during mid-day trading on Wednesday, reaching $40.77. 202,143 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $41.07 and a 200-day moving average price of $46.32. The stock has a market capitalization of $3.79 billion, a PE ratio of 56.00 and a beta of 1.40. Nustar Energy L.P. has a 12-month low of $37.30 and a 12-month high of $55.64.

Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.28. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. During the same period in the previous year, the business earned $0.52 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that Nustar Energy L.P. will post $1.19 EPS for the current year.

About Nustar Energy L.P.

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.

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

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