NuStar Energy L.P. (NYSE:NS) Expected to Post Q1 2024 Earnings of $0.24 Per Share

NuStar Energy L.P. (NYSE:NS – Get Rating) – Investment analysts at US Capital Advisors boosted their Q1 2024 earnings per share estimates for shares of NuStar Energy in a research note issued on Friday, May 19th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for NuStar Energy’s current full-year earnings is $0.87 per share. US Capital Advisors also issued estimates for NuStar Energy’s Q2 2024 earnings at $0.26 EPS and Q3 2024 earnings at $0.27 EPS.

Several other brokerages also recently commented on NS. Raymond James raised NuStar Energy from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Thursday, April 20th. Barclays dropped their price target on NuStar Energy from $19.00 to $18.00 in a research report on Tuesday, April 18th. StockNews.com downgraded NuStar Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mizuho lowered their price objective on NuStar Energy from $18.00 to $17.00 in a research report on Thursday, May 11th. Finally, Stifel Nicolaus boosted their price objective on NuStar Energy from $19.50 to $21.00 in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.33.

NuStar Energy Stock Down 2.3 %

Shares of NS stock opened at $16.84 on Monday. The stock’s 50 day simple moving average is $15.70 and its 200 day simple moving average is $16.05. The company has a debt-to-equity ratio of 17.71, a quick ratio of 0.74 and a current ratio of 0.82. NuStar Energy has a twelve month low of $12.80 and a twelve month high of $17.75. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.15 and a beta of 1.85.

NuStar Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Monday, May 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.50%. NuStar Energy’s payout ratio is currently 134.45%.

Institutional Investors Weigh In On NuStar Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in NuStar Energy in the first quarter valued at about $26,000. Clear Street Markets LLC bought a new stake in NuStar Energy in the fourth quarter valued at about $34,000. Steward Partners Investment Advisory LLC increased its holdings in NuStar Energy by 1,610.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock valued at $49,000 after purchasing an additional 2,898 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in NuStar Energy in the first quarter valued at about $111,000. Finally, American Financial Group Inc. bought a new stake in NuStar Energy in the third quarter valued at about $135,000. Institutional investors own 67.30% of the company’s stock.

About NuStar Energy

(Get Rating)

NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.