StockNews.com Initiates Coverage on NuStar Energy (NYSE:NS)

StockNews.com started coverage on shares of NuStar Energy (NYSE:NS) in a research note published on Thursday. The brokerage issued a buy rating on the pipeline company’s stock.

Other analysts have also issued research reports about the company. Raymond James reaffirmed a market perform rating on shares of NuStar Energy in a research note on Tuesday, February 20th. Stifel Nicolaus restated a hold rating and issued a $23.00 target price (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, NuStar Energy presently has a consensus rating of Hold and an average price target of $19.80.

NuStar Energy Stock Performance

Shares of NS opened at $21.96 on Thursday. NuStar Energy has a 12-month low of $14.70 and a 12-month high of $24.50. The stock has a market cap of $2.78 billion, a P/E ratio of 30.93 and a beta of 1.69. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 12.93. The company has a 50-day moving average of $22.40 and a two-hundred day moving average of $21.09.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share (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. As a group, research analysts predict that NuStar Energy will post 1.1 EPS for the current fiscal year.

NuStar Energy Announces Dividend

The firm also recently declared a None dividend, which was paid on Thursday, May 2nd. Shareholders of record on Friday, April 26th were issued a $0.212 dividend. The ex-dividend date of this dividend was Thursday, April 25th. NuStar Energy’s dividend payout ratio (DPR) is 225.35%.

Institutional Investors Weigh In On NuStar Energy

A number of institutional investors have recently bought and sold shares of NS. RIA Advisory Group LLC purchased a new stake in shares of NuStar Energy during the 4th quarter valued at $37,000. Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 718 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of NuStar Energy by 234.0% in the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after purchasing an additional 1,516 shares during the period. Lee Financial Co lifted its stake in shares of 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 in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of NuStar Energy during the 3rd quarter worth about $183,000. 63.13% of the stock is currently owned by hedge funds and other institutional investors.

NuStar Energy Company Profile

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.