NuStar Energy L.P. (NYSE:NS) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.00.
Several equities research analysts recently issued reports on NS shares. Barclays cut their price objective on NuStar Energy from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, August 6th. Wells Fargo & Company boosted their price objective on NuStar Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, June 24th.
A number of hedge funds and other institutional investors have recently modified their holdings of NS. IFP Advisors Inc increased its holdings in shares of NuStar Energy by 112.3% in the 1st quarter. IFP Advisors Inc now owns 3,401 shares of the pipeline company’s stock valued at $59,000 after acquiring an additional 1,799 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of NuStar Energy by 33.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 8,049 shares of the pipeline company’s stock valued at $138,000 after acquiring an additional 2,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of NuStar Energy in the 1st quarter valued at about $292,000. Avidian Wealth Solutions LLC purchased a new position in shares of NuStar Energy in the 1st quarter valued at about $773,000. Finally, Cincinnati Insurance Co. increased its holdings in shares of NuStar Energy by 55.5% in the 1st quarter. Cincinnati Insurance Co. now owns 84,742 shares of the pipeline company’s stock valued at $1,448,000 after acquiring an additional 30,244 shares during the last quarter. Institutional investors own 57.83% of the company’s stock.
NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Thursday, August 5th. The pipeline company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.08). NuStar Energy had a net margin of 1.60% and a return on equity of 42.65%. The business had revenue of $427.09 million during the quarter, compared to analyst estimates of $375.28 million. During the same period last year, the company earned ($0.06) EPS. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, equities analysts expect that NuStar Energy will post 1.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Shareholders of record on Friday, August 6th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 5th. This represents a $1.60 annualized dividend and a yield of 10.23%. NuStar Energy’s dividend payout ratio (DPR) is 280.70%.
About NuStar Energy
NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.
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