NuStar Energy L.P. (NYSE:NS) – Equities researchers at US Capital Advisors cut their Q1 2019 earnings per share estimates for shares of NuStar Energy in a report issued on Wednesday, April 17th, according to Zacks Investment Research. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.10 per share for the quarter, down from their prior estimate of $0.11. US Capital Advisors has a “Hold” rating on the stock. US Capital Advisors also issued estimates for NuStar Energy’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.71 EPS and FY2020 earnings at $0.83 EPS.
NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.18). NuStar Energy had a return on equity of 34.39% and a net margin of 10.49%. The company had revenue of $486.50 million for the quarter, compared to analysts’ expectations of $542.91 million. During the same period in the prior year, the business earned $1.15 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis.
Shares of NS stock traded up $2.05 during mid-day trading on Friday, reaching $28.42. The company’s stock had a trading volume of 2,325,758 shares, compared to its average volume of 260,356. NuStar Energy has a 12-month low of $19.81 and a 12-month high of $29.12. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.38. The company has a market cap of $2.84 billion, a PE ratio of 42.42 and a beta of 1.76.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Wednesday, May 8th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Tuesday, May 7th. NuStar Energy’s payout ratio is 358.21%.
In other NuStar Energy news, SVP Michael Truby sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $26.95, for a total transaction of $161,700.00. Following the completion of the transaction, the senior vice president now directly owns 45,043 shares of the company’s stock, valued at approximately $1,213,908.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas R. Shoaf sold 7,044 shares of the firm’s 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 transaction, the chief financial officer now directly owns 83,389 shares of the company’s stock, valued at $2,209,808.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,424 shares of company stock valued at $514,283. Company insiders own 8.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NS. Northwestern Mutual Wealth Management Co. grew its holdings in NuStar Energy by 751.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,133 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 1,000 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in NuStar Energy during the 4th quarter worth $38,000. Covenant Multifamily Offices LLC acquired a new position in NuStar Energy during the 1st quarter worth $193,000. Cetera Advisor Networks LLC grew its holdings in NuStar Energy by 6.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock worth $201,000 after acquiring an additional 613 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in NuStar Energy during the 1st quarter worth $223,000. 60.98% of the stock is owned by institutional investors.
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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