NuStar Energy L.P. (NS) Given Consensus Rating of “Hold” by Analysts

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NuStar Energy L.P. (NYSE:NS) has been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $26.25.

Several brokerages have recently issued reports on NS. ValuEngine upgraded shares of NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 23rd. Citigroup lowered their price target on shares of NuStar Energy from $27.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, May 1st. Barclays upped their price target on shares of NuStar Energy from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, April 27th. Zacks Investment Research upgraded shares of NuStar Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Mizuho reiterated a “hold” rating and set a $24.00 price target on shares of NuStar Energy in a report on Wednesday, April 11th.

Several institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. grew its stake in shares of NuStar Energy by 21.0% in the first quarter. OppenheimerFunds Inc. now owns 8,149,740 shares of the pipeline company’s stock worth $166,173,000 after purchasing an additional 1,417,100 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in shares of NuStar Energy by 69.2% in the first quarter. Brookfield Asset Management Inc. now owns 7,438,261 shares of the pipeline company’s stock worth $151,666,000 after purchasing an additional 3,041,122 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NuStar Energy by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,396,963 shares of the pipeline company’s stock worth $131,690,000 after purchasing an additional 962,576 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of NuStar Energy by 6.2% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 939,700 shares of the pipeline company’s stock worth $28,142,000 after purchasing an additional 55,100 shares during the last quarter. Finally, Global X Management Co. LLC grew its stake in shares of NuStar Energy by 29.5% in the fourth quarter. Global X Management Co. LLC now owns 905,719 shares of the pipeline company’s stock worth $27,126,000 after purchasing an additional 206,589 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

NuStar Energy traded up $0.14, hitting $24.11, during trading on Friday, according to Marketbeat. 362,200 shares of the stock traded hands, compared to its average volume of 714,400. NuStar Energy has a twelve month low of $19.22 and a twelve month high of $47.99. The company has a market cap of $2.34 billion, a P/E ratio of 37.67 and a beta of 1.53. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.35 and a quick ratio of 0.30.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, April 26th. The pipeline company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04). The firm had revenue of $475.90 million for the quarter, compared to analyst estimates of $446.15 million. NuStar Energy had a net margin of 11.99% and a return on equity of 10.87%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. analysts expect that NuStar Energy will post 1.8 earnings per share for the current fiscal year.

About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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