NuStar Energy (NYSE:NS) had its price target upped by Barclays from $23.00 to $25.00 in a research report report published on Wednesday morning. They currently have an equal weight rating on the pipeline company’s stock.
Several other research firms have also weighed in on NS. ValuEngine lowered NuStar Energy from a sell rating to a strong sell rating in a report on Monday, July 2nd. Zacks Investment Research upgraded NuStar Energy from a strong sell rating to a hold rating in a report on Tuesday, April 24th. Mizuho restated a hold rating and issued a $24.00 target price on shares of NuStar Energy in a report on Wednesday, April 11th. Citigroup cut their price target on NuStar Energy from $27.00 to $22.00 and set a neutral rating for the company in a report on Tuesday, May 1st. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a $25.00 price target (down from $27.00) on shares of NuStar Energy in a report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $28.00.
Get NuStar Energy alerts:NuStar Energy opened at $23.59 on Wednesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.30 and a current ratio of 0.35. NuStar Energy has a fifty-two week low of $19.22 and a fifty-two week high of $47.60. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 36.86 and a beta of 1.54.
NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Thursday, April 26th. The pipeline company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.04). The firm had revenue of $475.90 million during the quarter, compared to the consensus estimate of $446.15 million. NuStar Energy had a net margin of 11.99% and a return on equity of 10.87%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. equities analysts forecast that NuStar Energy will post 1.81 earnings per share for the current fiscal year.
In other news, Director William E. Greehey acquired 413,736 shares of the stock in a transaction dated Tuesday, June 26th. The shares were acquired at an average cost of $24.17 per share, for a total transaction of $9,999,999.12. Following the completion of the transaction, the director now owns 3,486,869 shares in the company, valued at approximately $84,277,623.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.
Large investors have recently made changes to their positions in the business. Catawba Capital Management VA bought a new stake in NuStar Energy in the second quarter valued at $214,000. RMB Capital Management LLC bought a new stake in shares of NuStar Energy during the first quarter worth $201,000. Jane Street Group LLC bought a new stake in shares of NuStar Energy during the fourth quarter worth $317,000. Kovack Advisors Inc. grew its holdings in shares of NuStar Energy by 74.0% during the first quarter. Kovack Advisors Inc. now owns 11,974 shares of the pipeline company’s stock worth $244,000 after purchasing an additional 5,094 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of NuStar Energy during the fourth quarter worth $373,000. Hedge funds and other institutional investors own 54.32% of the company’s stock.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. 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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