NuStar Energy L.P. (NYSE:NS) issued its quarterly earnings data on Tuesday. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01, Stock Ratings News reports. The company had revenue of $780.00 million for the quarter, compared to the consensus estimate of $944.85 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 51.1% on a year-over-year basis.
A number of analysts have recently weighed in on NS shares. Analysts at Credit Suisse upgraded shares of NuStar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $53.00 price target on the stock, up previously from $43.00. On the ratings front, analysts at Morgan Stanley upgraded shares of NuStar Energy L.P. from an “underweight” rating to an “equal weight” rating in a research note to investors on Wednesday, October 23rd. Finally, analysts at Zacks upgraded shares of NuStar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $42.00 price target on the stock. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.20.
Shares of NuStar Energy L.P. (NYSE:NS) traded up 0.37% during mid-day trading on Wednesday, hitting $48.53. 188,445 shares of the company’s stock traded hands. NuStar Energy L.P. has a 1-year low of $36.15 and a 1-year high of $54.95. The stock’s 50-day moving average is $42.00 and its 200-day moving average is $43.98. The company has a market cap of $3.780 billion and a price-to-earnings ratio of 514.36.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $1.10 per share. This represents a $4.38 annualized dividend and a dividend yield of 9.06%. The ex-dividend date is Wednesday, November 6th.
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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