NuStar Energy (NS) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of NuStar Energy (NYSE:NS) from a sell rating to a hold rating in a research note released on Wednesday morning.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of NuStar Energy from $25.00 to $28.00 and gave the stock a neutral rating in a research report on Friday, August 24th. Stifel Nicolaus raised their price target on shares of NuStar Energy from $27.00 to $28.00 and gave the stock a hold rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded shares of NuStar Energy from a buy rating to a hold rating in a research report on Friday, August 10th. Barclays raised their price target on shares of NuStar Energy from $25.00 to $27.00 and gave the stock an equal weight rating in a research report on Wednesday, August 8th. Finally, Citigroup lifted their price objective on shares of NuStar Energy from $22.00 to $27.00 and gave the company a neutral rating in a research report on Wednesday, August 8th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $26.88.

NuStar Energy stock opened at $24.71 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.61 and a current ratio of 0.87. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $35.91. The stock has a market capitalization of $2.74 billion, a PE ratio of 38.61 and a beta of 1.73.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. NuStar Energy had a net margin of 12.03% and a return on equity of 32.29%. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $472.87 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts expect that NuStar Energy will post 1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Thursday, November 8th will be given a $0.60 dividend. The ex-dividend date is Wednesday, November 7th. This represents a $2.40 annualized dividend and a yield of 9.71%. NuStar Energy’s dividend payout ratio is presently 375.00%.

A number of large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. lifted its position in NuStar Energy by 9.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 8,907,585 shares of the pipeline company’s stock valued at $201,757,000 after purchasing an additional 757,845 shares during the last quarter. Alps Advisors Inc. lifted its position in NuStar Energy by 31.4% in the 3rd quarter. Alps Advisors Inc. now owns 8,621,448 shares of the pipeline company’s stock valued at $239,676,000 after purchasing an additional 2,057,744 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in NuStar Energy by 18.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 2,918,079 shares of the pipeline company’s stock valued at $81,123,000 after purchasing an additional 461,705 shares during the last quarter. Global X Management Co LLC lifted its position in NuStar Energy by 22.5% in the 2nd quarter. Global X Management Co LLC now owns 1,100,380 shares of the pipeline company’s stock valued at $24,924,000 after purchasing an additional 202,038 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in NuStar Energy by 56.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,079,212 shares of the pipeline company’s stock valued at $30,003,000 after purchasing an additional 390,228 shares during the last quarter. Hedge funds and other institutional investors own 48.67% 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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