NuStar Energy L.P. (NYSE:NS) Expected to Post Quarterly Sales of $381.50 Million

Equities analysts expect that NuStar Energy L.P. (NYSE:NS) will announce $381.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NuStar Energy’s earnings. The lowest sales estimate is $381.00 million and the highest is $381.99 million. NuStar Energy reported sales of $490.36 million during the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The company is expected to announce its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that NuStar Energy will report full-year sales of $1.63 billion for the current financial year, with estimates ranging from $1.62 billion to $1.63 billion. For the next financial year, analysts forecast that the firm will post sales of $1.56 billion, with estimates ranging from $1.52 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow NuStar Energy.

NuStar Energy (NYSE:NS) last announced its earnings results on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $372.45 million during the quarter, compared to analysts’ expectations of $474.77 million. NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS.

A number of analysts recently issued reports on NS shares. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a report on Thursday. Mizuho started coverage on shares of NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.60.

Shares of NS stock traded up $1.79 on Wednesday, hitting $29.86. The stock had a trading volume of 50,478 shares, compared to its average volume of 286,571. The business has a 50 day moving average of $27.47 and a 200 day moving average of $27.28. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 44.61, a price-to-earnings-growth ratio of 14.50 and a beta of 1.53. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.43 and a quick ratio of 1.40. NuStar Energy has a 12-month low of $19.81 and a 12-month high of $29.53.

A number of hedge funds and other institutional investors have recently bought and sold shares of NS. Invesco Ltd. increased its holdings in NuStar Energy by 15,258.6% during the second quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock worth $355,715,000 after buying an additional 13,021,347 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in NuStar Energy by 43.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock worth $157,521,000 after buying an additional 1,768,331 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in NuStar Energy by 3.9% during the first quarter. OppenheimerFunds Inc. now owns 13,036,961 shares of the pipeline company’s stock worth $350,564,000 after buying an additional 488,260 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in NuStar Energy by 151.9% during the second quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock worth $20,629,000 after buying an additional 468,940 shares during the last quarter. Finally, BlackRock Inc. boosted its position in NuStar Energy by 58,570.1% during the second quarter. BlackRock Inc. now owns 374,315 shares of the pipeline company’s stock worth $10,159,000 after purchasing an additional 373,677 shares during the period. Institutional investors and hedge funds own 63.09% of the company’s stock.

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 and Estimates for NuStar Energy (NYSE:NS)

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