NuStar Energy (NYSE:NS) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, ValuEngine reports.

Separately, Mizuho initiated coverage on shares of NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price target for the company. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. NuStar Energy presently has a consensus rating of “Hold” and a consensus price target of $28.60.

NYSE NS traded up $0.19 on Tuesday, hitting $28.35. 259,890 shares of the stock were exchanged, compared to its average volume of 464,100. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 3.22. NuStar Energy has a fifty-two week low of $19.81 and a fifty-two week high of $30.06. The company has a market cap of $3.00 billion, a PE ratio of 42.31, a PEG ratio of 15.00 and a beta of 1.55. The company has a 50-day moving average price of $27.95 and a 200-day moving average price of $27.55.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. The firm had revenue of $372.45 million for the quarter, compared to analyst estimates of $474.77 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts predict that NuStar Energy will post 1.86 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of NuStar Energy by 15,258.6% in the 2nd quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock valued at $355,715,000 after buying an additional 13,021,347 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of NuStar Energy by 43.8% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock valued at $157,521,000 after buying an additional 1,768,331 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of NuStar Energy by 151.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock valued at $20,629,000 after buying an additional 468,940 shares in the last quarter. Morgan Stanley boosted its holdings in shares of NuStar Energy by 17.9% in the 2nd quarter. Morgan Stanley now owns 775,468 shares of the pipeline company’s stock valued at $21,046,000 after buying an additional 117,530 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC boosted its holdings in shares of NuStar Energy by 28.2% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 505,362 shares of the pipeline company’s stock valued at $13,953,000 after buying an additional 111,083 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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Analyst Recommendations for NuStar Energy (NYSE:NS)

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