NuStar Energy (NYSE:NS) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of NuStar Energy (NYSE:NS) in a research note released on Thursday. The brokerage issued a buy rating on the pipeline company’s stock.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company raised shares of NuStar Energy from an underweight rating to an equal weight rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Tuesday, January 23rd. Raymond James reaffirmed a market perform rating on shares of NuStar Energy in a report on Tuesday, February 20th. Stifel Nicolaus reissued a hold rating and set a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. reissued an underweight rating and set a $19.00 price target 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. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $19.43.

NuStar Energy Trading Up 0.9 %

NS opened at $23.30 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 11.76. The firm’s 50 day moving average is $22.96 and its 200-day moving average is $19.69. The firm has a market capitalization of $2.95 billion, a P/E ratio of 32.82 and a beta of 1.70. NuStar Energy has a 52-week low of $14.70 and a 52-week high of $24.50.

NuStar Energy (NYSE:NS) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $451.70 million during 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%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts expect that NuStar Energy will post 1.1 EPS for the current fiscal year.

NuStar Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.87%. The ex-dividend date was Tuesday, February 6th. NuStar Energy’s payout ratio is currently 225.35%.

Institutional Investors Weigh In On NuStar Energy

Institutional investors have recently bought and sold shares of the stock. Clear Street Markets LLC bought a new stake in NuStar Energy in the fourth quarter worth about $34,000. RIA Advisory Group LLC bought a new stake in NuStar Energy in the fourth quarter worth about $37,000. Tower Research Capital LLC TRC raised its holdings in NuStar Energy by 55.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock worth $37,000 after buying an additional 718 shares during the period. Baystate Wealth Management LLC raised its holdings in NuStar Energy by 234.0% during the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after buying an additional 1,516 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in NuStar Energy by 1,610.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock worth $49,000 after buying an additional 2,898 shares during the period. Institutional investors and hedge funds own 63.13% of the company’s stock.

NuStar Energy Company Profile

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.