NuStar Energy L.P. (NS) Receives $26.50 Average PT from Analysts

Shares of NuStar Energy L.P. (NYSE:NS) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.00.

Several analysts have recently issued reports on the company. ValuEngine raised NuStar Energy from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Bank of America assumed coverage on NuStar Energy in a report on Friday, January 11th. They set a “neutral” rating and a $27.00 price objective on the stock. US Capital Advisors reaffirmed a “hold” rating on shares of NuStar Energy in a report on Wednesday, January 16th. Zacks Investment Research cut NuStar Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 21st. Finally, JPMorgan Chase & Co. cut NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Wednesday, March 13th.

In related news, CFO Thomas R. Shoaf sold 7,044 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $26.50, for a total transaction of $186,666.00. Following the sale, the chief financial officer now owns 83,389 shares in the company, valued at approximately $2,209,808.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amy L. Perry sold 4,080 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $25.62, for a total value of $104,529.60. Following the sale, the executive vice president now owns 35,271 shares in the company, valued at approximately $903,643.02. The disclosure for this sale can be found here. Insiders have sold a total of 19,424 shares of company stock worth $514,283 in the last 90 days. 8.90% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in NS. Cetera Advisor Networks LLC increased its stake in NuStar Energy by 6.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock worth $201,000 after purchasing an additional 613 shares during the period. Hsbc Holdings PLC grew its position in shares of NuStar Energy by 1.6% during the 4th quarter. Hsbc Holdings PLC now owns 70,979 shares of the pipeline company’s stock worth $1,485,000 after buying an additional 1,109 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of NuStar Energy during the 4th quarter worth $38,000. TVR Capital Management LP grew its position in shares of NuStar Energy by 3.1% during the 3rd quarter. TVR Capital Management LP now owns 92,518 shares of the pipeline company’s stock worth $2,572,000 after buying an additional 2,759 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in NuStar Energy by 1,651.1% during the third quarter. Captrust Financial Advisors now owns 9,631 shares of the pipeline company’s stock valued at $268,000 after purchasing an additional 9,081 shares in the last quarter. Institutional investors own 61.31% of the company’s stock.

Shares of NYSE:NS traded up $0.08 during mid-day trading on Friday, reaching $27.74. 6,940 shares of the company traded hands, compared to its average volume of 300,040. The company has a market cap of $2.98 billion, a PE ratio of 41.44 and a beta of 1.78. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.38. NuStar Energy has a 52 week low of $19.81 and a 52 week high of $29.12.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, January 31st. The pipeline company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). NuStar Energy had a net margin of 10.49% and a return on equity of 34.39%. The company had revenue of $509.31 million for the quarter, compared to the consensus estimate of $463.69 million. Equities research analysts predict that NuStar Energy will post 1.11 earnings per share for the current fiscal year.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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Analyst Recommendations for NuStar Energy (NYSE:NS)

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