NuStar Energy (NYSE:NS) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of NuStar Energy (NYSE:NS) in a research note issued on Monday. The firm set a “buy” rating on the pipeline company’s stock.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 target price on shares of NuStar Energy in a research report on Wednesday, January 10th. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company upgraded shares of NuStar Energy from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NuStar Energy currently has a consensus rating of “Hold” and an average target price of $19.33.

NuStar Energy Trading Up 0.9 %

Shares of NuStar Energy stock opened at $22.58 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 11.76. NuStar Energy has a 12-month low of $14.70 and a 12-month high of $24.50. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 31.80 and a beta of 1.70. The firm’s 50 day simple moving average is $23.06 and its two-hundred day simple moving average is $20.43.

NuStar Energy (NYSE:NS) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts predict that NuStar Energy will post 1.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. RIA Advisory Group LLC purchased a new position in NuStar Energy in the fourth quarter worth approximately $37,000. Tower Research Capital LLC TRC lifted its stake in 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 during the last quarter. Baystate Wealth Management LLC lifted its stake in NuStar Energy by 234.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after acquiring an additional 1,516 shares during the last quarter. Lee Financial Co lifted its stake in NuStar Energy by 18.4% in the fourth quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock worth $69,000 after acquiring an additional 571 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in NuStar Energy in the third quarter worth approximately $183,000. Hedge funds and other institutional investors own 63.13% of the company’s stock.

About NuStar Energy

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 three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.