Zacks: Brokerages Expect NuStar Energy L.P. (NYSE:NS) to Post $0.28 EPS

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Wall Street brokerages expect NuStar Energy L.P. (NYSE:NS) to post earnings per share (EPS) of $0.28 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NuStar Energy’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.15. NuStar Energy posted earnings per share of $0.13 during the same quarter last year, which would indicate a positive year-over-year growth rate of 115.4%. The company is scheduled to announce its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that NuStar Energy will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.78 to $1.93. For the next financial year, analysts expect that the company will post earnings of $1.53 per share, with EPS estimates ranging from $0.74 to $2.46. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow NuStar Energy.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The firm had revenue of $372.45 million during the quarter, compared to analysts’ expectations of $474.77 million. During the same quarter in the prior year, the firm posted $0.15 EPS. NuStar Energy’s quarterly revenue was down 4.3% compared to the same quarter last year.

A number of brokerages have weighed in on NS. Mizuho began coverage on NuStar Energy in a research note on Friday, August 2nd. They issued a “neutral” rating and a $32.00 price objective for the company. Zacks Investment Research cut NuStar Energy from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, ValuEngine cut NuStar Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. NuStar Energy has an average rating of “Hold” and a consensus price target of $28.60.

NYSE NS traded up $1.79 on Monday, reaching $29.86. The stock had a trading volume of 50,478 shares, compared to its average volume of 286,571. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.40 and a current ratio of 1.43. NuStar Energy has a 12-month low of $19.81 and a 12-month high of $29.53. The business’s 50-day moving average price is $27.47 and its 200 day moving average price is $27.28. The stock has a market cap of $3.02 billion, a P/E ratio of 44.61, a price-to-earnings-growth ratio of 14.50 and a beta of 1.53.

Institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its stake in shares of NuStar Energy by 28.3% during the first quarter. Catalyst Capital Advisors LLC now owns 167,942 shares of the pipeline company’s stock worth $4,516,000 after purchasing an additional 37,004 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in NuStar Energy during the second quarter worth about $535,000. Tortoise Capital Advisors L.L.C. lifted its position in NuStar Energy by 20.8% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 4,035,672 shares of the pipeline company’s stock worth $108,519,000 after buying an additional 695,712 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in NuStar Energy during the second quarter worth about $50,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of NuStar Energy by 30.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 34,031 shares of the pipeline company’s stock worth $924,000 after purchasing an additional 7,996 shares during the period. Institutional investors and hedge funds own 63.09% of the company’s stock.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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.

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