Analysts expect NuStar Energy L.P. (NYSE:NS) to announce sales of $502.03 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NuStar Energy’s earnings. The lowest sales estimate is $494.92 million and the highest is $509.13 million. NuStar Energy reported sales of $486.20 million during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The company is scheduled to report its next earnings report before the market opens on Thursday, August 8th.
According to Zacks, analysts expect that NuStar Energy will report full-year sales of $1.97 billion for the current fiscal year, with estimates ranging from $1.96 billion to $1.99 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.99 billion, with estimates ranging from $1.84 billion to $2.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow NuStar Energy.
NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $486.50 million for the quarter, compared to analysts’ expectations of $542.91 million. NuStar Energy had a negative net margin of 10.05% and a positive return on equity of 27.72%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 EPS.
Shares of NYSE:NS traded down $0.28 during midday trading on Friday, reaching $28.25. The company had a trading volume of 4,217 shares, compared to its average volume of 394,566. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63. The company’s fifty day simple moving average is $27.66. The stock has a market cap of $3.11 billion, a PE ratio of 42.13, a P/E/G ratio of 18.84 and a beta of 1.53. NuStar Energy has a one year low of $19.81 and a one year high of $29.53.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, August 7th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend is Tuesday, August 6th. NuStar Energy’s payout ratio is currently 358.21%.
In related news, Director William E. Greehey acquired 68,075 shares of NuStar Energy stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $28.38 per share, with a total value of $1,931,968.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC grew its stake in shares of NuStar Energy by 120.7% in the 4th quarter. MetLife Investment Advisors LLC now owns 110,347 shares of the pipeline company’s stock valued at $2,310,000 after buying an additional 60,347 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in NuStar Energy by 6.8% during 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. SG Americas Securities LLC boosted its position in NuStar Energy by 3.5% during the first quarter. SG Americas Securities LLC now owns 37,644 shares of the pipeline company’s stock worth $1,012,000 after purchasing an additional 1,275 shares during the period. Sheaff Brock Investment Advisors LLC bought a new stake in NuStar Energy during the first quarter worth approximately $251,000. Finally, Covenant Multifamily Offices LLC bought a new stake in NuStar Energy during the first quarter worth approximately $193,000. 63.03% of the stock is owned by institutional investors and hedge funds.
About NuStar Energy
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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