NuStar Energy (NS) Issues Earnings Results, Misses Estimates By $0.18 EPS

NuStar Energy (NYSE:NS) announced its quarterly earnings data on Friday. The pipeline company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.18), MarketWatch Earnings reports. NuStar Energy had a net margin of 10.49% and a return on equity of 34.39%. 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 previous year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis.

NS stock opened at $28.42 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 42.42 and a beta of 1.76. NuStar Energy has a 12 month low of $19.81 and a 12 month high of $29.12.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Wednesday, May 8th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.44%. The ex-dividend date is Tuesday, May 7th. NuStar Energy’s dividend payout ratio is 358.21%.

In other NuStar Energy news, SVP Alamo Jorge A. Del sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $26.69, for a total value of $61,387.00. Following the completion of the sale, the senior vice president now directly owns 37,796 shares of the company’s stock, valued at $1,008,775.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy L. Perry sold 4,080 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $25.62, for a total transaction of $104,529.60. Following the completion of the sale, the executive vice president now directly owns 35,271 shares of the company’s stock, valued at $903,643.02. The disclosure for this sale can be found here. Insiders sold 19,424 shares of company stock valued at $514,283 over the last three months. Insiders own 8.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 buying an additional 1,000 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in shares of NuStar Energy during the 4th quarter worth $38,000. Covenant Multifamily Offices LLC bought a new stake in shares of NuStar Energy during the 1st quarter worth $193,000. Independent Advisor Alliance bought a new stake in shares of NuStar Energy during the 1st quarter worth $223,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of NuStar Energy during the 1st quarter worth $251,000. 60.98% of the stock is owned by institutional investors and hedge funds.

NS has been the topic of a number of research analyst reports. ValuEngine raised shares of NuStar Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research raised shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Friday, February 8th. US Capital Advisors reissued a “hold” rating on shares of NuStar Energy in a research report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. downgraded shares of NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. NuStar Energy currently has a consensus rating of “Hold” and an average target price of $27.17.

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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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Earnings History for NuStar Energy (NYSE:NS)

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