NuStar Energy L.P. (NYSE:NS) Declares $0.21 None Dividend

NuStar Energy L.P. (NYSE:NS) announced a None dividend on Monday, April 15th, NASDAQ reports. Shareholders of record on Friday, April 26th will be paid a dividend of 0.212 per share by the pipeline company on Thursday, May 2nd. The ex-dividend date of this dividend is Thursday, April 25th.

NuStar Energy has decreased its dividend payment by an average of 3.9% per year over the last three years. NuStar Energy has a dividend payout ratio of 103.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NuStar Energy to earn $1.21 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 132.2%.

NuStar Energy Trading Up 1.9 %

Shares of NuStar Energy stock opened at $22.71 on Wednesday. The business has a fifty day simple moving average of $23.09 and a two-hundred day simple moving average of $20.32. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 31.99 and a beta of 1.70. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76.

NuStar Energy (NYSE:NS) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The company had revenue of $451.70 million during the quarter, compared to the consensus estimate of $433.69 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts forecast that NuStar Energy will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $19.00 target price on shares of NuStar Energy in a report on Wednesday, January 10th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. StockNews.com started coverage on NuStar Energy in a research report on Sunday. They issued a “buy” rating on the stock. Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Finally, Raymond James restated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, NuStar Energy currently has a consensus rating of “Hold” and a consensus price target of $19.33.

About NuStar Energy

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.