NuStar Energy (NYSE:NS) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of NuStar Energy (NYSE:NSFree Report) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the pipeline company’s stock.

A number of other brokerages have also weighed in on NS. Raymond James reaffirmed a market perform rating on shares of NuStar Energy in a research note on Tuesday, February 20th. Stifel Nicolaus reissued a hold rating and issued a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised NuStar Energy from an underweight rating to an equal weight rating and upped their price target for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NuStar Energy presently has a consensus rating of Hold and a consensus target price of $19.80.

Get Our Latest Stock Report on NS

NuStar Energy Stock Performance

NYSE NS opened at $21.96 on Wednesday. NuStar Energy has a one year low of $14.70 and a one year high of $24.50. The company has a debt-to-equity ratio of 12.93, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $2.78 billion, a P/E ratio of 30.93 and a beta of 1.69. The stock’s 50-day moving average is $22.57 and its 200-day moving average is $20.89.

NuStar Energy (NYSE:NSGet Free Report) last announced its earnings results on Thursday, May 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.15). The company had revenue of $390.80 million for the quarter, compared to analyst estimates of $413.12 million. NuStar Energy had a return on equity of 88.49% and a net margin of 12.90%. The business’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts anticipate that NuStar Energy will post 1.1 earnings per share for the current fiscal year.

NuStar Energy Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Thursday, May 2nd. Stockholders of record on Friday, April 26th were issued a $0.212 dividend. The ex-dividend date was Thursday, April 25th. NuStar Energy’s payout ratio is presently 225.35%.

Hedge Funds Weigh In On NuStar Energy

A number of institutional investors have recently added to or reduced their stakes in NS. Motco grew its position in shares of NuStar Energy by 1.7% in the 1st quarter. Motco now owns 32,976 shares of the pipeline company’s stock valued at $767,000 after acquiring an additional 540 shares during the period. Lee Financial Co lifted its stake in NuStar Energy by 18.4% in the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 571 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in NuStar Energy by 55.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 718 shares during the period. Maryland State Retirement & Pension System increased its position in NuStar Energy by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 95,250 shares of the pipeline company’s stock worth $1,779,000 after buying an additional 1,260 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its stake in NuStar Energy by 234.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock valued at $40,000 after buying an additional 1,516 shares during the period. 63.13% of the stock is currently owned by institutional investors and hedge funds.

NuStar Energy Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NuStar Energy (NYSE:NS)

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