$463.69 Million in Sales Expected for NuStar Energy L.P. (NS) This Quarter

Brokerages predict that NuStar Energy L.P. (NYSE:NS) will report $463.69 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NuStar Energy’s earnings. The highest sales estimate is $468.39 million and the lowest is $458.99 million. NuStar Energy posted sales of $450.54 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The firm is expected to issue its next earnings report on Thursday, February 14th.

On average, analysts expect that NuStar Energy will report full-year sales of $1.92 billion for the current financial year, with estimates ranging from $1.91 billion to $1.92 billion. For the next year, analysts expect that the business will post sales of $1.89 billion, with estimates ranging from $1.79 billion to $2.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow NuStar Energy.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Monday, November 5th. The pipeline company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $490.40 million for the quarter, compared to analyst estimates of $472.87 million. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share.

NS has been the topic of several analyst reports. ValuEngine raised NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. Stifel Nicolaus raised their target price on NuStar Energy from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Citigroup raised their target price on NuStar Energy from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Barclays raised their target price on NuStar Energy from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered NuStar Energy from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.88.

NuStar Energy stock traded down $0.33 during midday trading on Friday, hitting $23.67. 14,610 shares of the company were exchanged, compared to its average volume of 704,845. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 37.00 and a beta of 1.73. NuStar Energy has a fifty-two week low of $19.22 and a fifty-two week high of $35.91. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 2.12.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Thursday, November 8th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend was Wednesday, November 7th. NuStar Energy’s payout ratio is currently 375.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Green Square Capital LLC grew its holdings in NuStar Energy by 6.5% in the second quarter. Green Square Capital LLC now owns 41,115 shares of the pipeline company’s stock valued at $931,000 after purchasing an additional 2,527 shares during the period. Regal Investment Advisors LLC lifted its position in shares of NuStar Energy by 7.6% in the third quarter. Regal Investment Advisors LLC now owns 35,986 shares of the pipeline company’s stock valued at $1,000,000 after acquiring an additional 2,540 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of NuStar Energy by 3.6% in the third quarter. Advisors Capital Management LLC now owns 76,880 shares of the pipeline company’s stock valued at $2,137,000 after acquiring an additional 2,643 shares in the last quarter. TVR Capital Management LP lifted its position in shares of NuStar Energy by 3.1% in the third quarter. TVR Capital Management LP now owns 92,518 shares of the pipeline company’s stock valued at $2,572,000 after acquiring an additional 2,759 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of NuStar Energy by 17.9% in the second quarter. Commonwealth Equity Services LLC now owns 22,050 shares of the pipeline company’s stock valued at $499,000 after acquiring an additional 3,355 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.

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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