NuStar Energy (NYSE:NS) Now Covered by Analysts at StockNews.com

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

A number of other equities research analysts also recently commented on the stock. Stifel Nicolaus reiterated 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. Raymond James reiterated a market perform rating on shares of NuStar Energy in a report on Tuesday, February 20th. One 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. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $19.80.

NuStar Energy Price Performance

Shares of NYSE NS opened at $21.96 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 12.93. NuStar Energy has a 52 week low of $14.70 and a 52 week high of $24.50. The firm has a 50-day moving average price of $22.43 and a 200 day moving average price of $21.01. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 30.93 and a beta of 1.69.

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 business 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 business’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that NuStar Energy will post 1.1 EPS for the current fiscal year.

NuStar Energy Dividend Announcement

The company also recently announced a None dividend, which was paid on Thursday, May 2nd. Stockholders of record on Friday, April 26th were given a dividend of $0.212 per share. The ex-dividend date was Thursday, April 25th. NuStar Energy’s payout ratio is currently 225.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NS. Kingsview Wealth Management LLC bought a new stake in NuStar Energy during the third quarter valued at $183,000. Van ECK Associates Corp increased its stake in NuStar Energy by 37.7% during the third quarter. Van ECK Associates Corp now owns 11,702 shares of the pipeline company’s stock valued at $204,000 after purchasing an additional 3,204 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in NuStar Energy by 3,424.0% during the third quarter. Kayne Anderson Capital Advisors LP now owns 676,600 shares of the pipeline company’s stock valued at $11,800,000 after purchasing an additional 657,400 shares during the last quarter. Citigroup Inc. increased its stake in NuStar Energy by 71.8% during the third quarter. Citigroup Inc. now owns 163,759 shares of the pipeline company’s stock valued at $2,856,000 after purchasing an additional 68,431 shares during the last quarter. Finally, Invesco Ltd. increased its stake in NuStar Energy by 1.0% during the third quarter. Invesco Ltd. now owns 20,566,959 shares of the pipeline company’s stock valued at $358,688,000 after purchasing an additional 194,568 shares during the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.

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