NuStar Energy (NYSE:NS) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of NuStar Energy (NYSE:NSFree Report) in a research note released on Wednesday morning. The brokerage issued a buy rating on the pipeline company’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company upgraded NuStar Energy from an underweight rating to an equal weight rating and boosted their price target for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Stifel Nicolaus reiterated a hold rating and issued a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Raymond James restated a market perform rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reiterated an underweight rating and issued a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NuStar Energy currently has a consensus rating of Hold and an average target price of $19.43.

Check Out Our Latest Analysis on NS

NuStar Energy Stock Down 0.1 %

Shares of NYSE:NS opened at $23.80 on Wednesday. The company’s fifty day moving average is $22.37 and its two-hundred day moving average is $19.43. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.76 and a current ratio of 0.85. NuStar Energy has a 1-year low of $14.41 and a 1-year high of $24.50. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 33.52 and a beta of 1.70.

NuStar Energy (NYSE:NSGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $451.70 million for the quarter, compared to analyst estimates of $433.69 million. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. NuStar Energy’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts anticipate that NuStar Energy will post 1.11 EPS for the current year.

NuStar Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.72%. NuStar Energy’s payout ratio is currently 225.35%.

Institutional Trading of NuStar Energy

A number of large investors have recently added to or reduced their stakes in NS. RIA Advisory Group LLC purchased a new position in NuStar Energy in the 4th quarter worth about $37,000. Tower Research Capital LLC TRC increased its position in shares of NuStar Energy by 55.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 718 shares in the last quarter. Clear Street Markets LLC acquired a new stake in shares of NuStar Energy during the fourth quarter valued at approximately $34,000. Baystate Wealth Management LLC lifted its position in shares of NuStar Energy by 234.0% in the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock valued at $40,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in NuStar Energy by 1,610.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 2,898 shares during the period. 56.35% of the stock is currently owned by institutional investors.

NuStar Energy Company Profile

(Get Free Report)

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.

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Analyst Recommendations for NuStar Energy (NYSE:NS)

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