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

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

A number of other analysts have also commented on NS. 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 issued a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 price target on shares of NuStar Energy in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.33.

NuStar Energy Price Performance

Shares of NS stock opened at $21.96 on Tuesday. NuStar Energy has a 52 week low of $14.70 and a 52 week high of $24.50. The stock has a market capitalization of $2.78 billion, a PE ratio of 30.93 and a beta of 1.69. The company has a debt-to-equity ratio of 12.93, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s fifty day moving average is $22.84 and its 200-day moving average is $20.68.

NuStar Energy (NYSE:NS) last announced its earnings results on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.15). The company had revenue of $390.80 million for the quarter, compared to analyst estimates of $413.12 million. NuStar Energy had a return on equity of 88.49% and a net margin of 12.90%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that NuStar Energy will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. RIA Advisory Group LLC bought a new stake in NuStar Energy in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC raised 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 valued at $37,000 after purchasing an additional 718 shares during the period. Baystate Wealth Management LLC lifted its stake in shares of 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 last quarter. Lee Financial Co boosted its holdings in shares of NuStar Energy by 18.4% during the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock worth $69,000 after buying an additional 571 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new position in NuStar Energy in the 3rd quarter valued at about $183,000. 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.