Investment analysts at Barclays Capital decreased their price target on shares of NuStar Energy L.P. (NYSE:NS) from $49.00 to $45.00 in a note issued to investors on Wednesday, ARN reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective would suggest a potential upside of 16.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Simmons downgraded shares of NuStar Energy L.P. (NYSE:NS) from a “neutral” rating to an “underweight” rating in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of NuStar Energy L.P. (NYSE:NS) from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $44.00 price target on the stock, down previously from $45.00. Finally, analysts at Credit Suisse initiated coverage on shares of NuStar Energy L.P. (NYSE:NS) in a research note to investors on Tuesday, July 16th. They set an “underperform” rating and a $43.00 price target on the stock.
Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. NuStar Energy L.P. presently has a consensus rating of “Hold” and a consensus target price of $45.80.
Shares of NuStar Energy L.P. (NYSE:NS) traded down 1.52% on Wednesday, hitting $38.1001. 507,145 shares of the company’s stock traded hands. NuStar Energy L.P. has a one year low of $38.43 and a one year high of $54.95. The stock has a 50-day moving average of $42.79 and a 200-day moving average of $47.4. The company has a market cap of $2.967 billion and a price-to-earnings ratio of 411.60.
NuStar Energy L.P. (NYSE:NS) last announced its earnings results on Friday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $904.20 million for the quarter, compared to the consensus estimate of $924.53 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 48.9% on a year-over-year basis. On average, analysts predict that NuStar Energy L.P. will post $1.11 earnings per share for the current fiscal year.
NuStar Energy L.P. (NYSE:NS) is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia and asphalt and fuels marketing.
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