NuStar Energy L.P. (NYSE:NS) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $47.33.
Several analysts recently issued reports on NS shares. FBR & Co started coverage on shares of NuStar Energy L.P. in a research report on Friday, September 9th. They set a “market perform” rating and a $48.00 price target on the stock. Citigroup Inc. upgraded shares of NuStar Energy L.P. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $52.00 in a research report on Friday, August 12th. Stifel Nicolaus upgraded shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, September 13th. They noted that the move was a valuation call. Simmons reiterated a “neutral” rating and set a $47.00 price target (up previously from $46.00) on shares of NuStar Energy L.P. in a research report on Saturday, June 25th. Finally, Credit Suisse Group AG downgraded shares of NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $46.00 to $47.00 in a research note on Wednesday, August 3rd.
NuStar Energy L.P. (NYSE:NS) opened at 49.58 on Tuesday. The stock has a 50 day moving average of $47.54 and a 200 day moving average of $47.30. NuStar Energy L.P. has a one year low of $25.65 and a one year high of $53.47. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 21.02 and a beta of 1.25.
NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $437.80 million for the quarter, compared to analyst estimates of $432.50 million. The business’s revenue was down 23.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. Equities research analysts predict that NuStar Energy L.P. will post $2.16 EPS for the current fiscal year.
In related news, Director William E. Greehey purchased 1,991 shares of NuStar Energy L.P. stock in a transaction on Wednesday, September 28th. The stock was acquired at an average cost of $47.00 per share, for a total transaction of $93,577.00. Following the completion of the acquisition, the director now owns 3,031,981 shares of the company’s stock, valued at approximately $142,503,107. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Greehey purchased 20,000 shares of NuStar Energy L.P. stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $48.80 per share, with a total value of $976,000.00. Following the completion of the acquisition, the director now directly owns 3,029,990 shares of the company’s stock, valued at approximately $147,863,512. The disclosure for this purchase can be found here.
Large investors have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in NuStar Energy L.P. by 34.3% in the second quarter. Glenmede Trust Co. NA now owns 3,037 shares of the company’s stock worth $151,000 after buying an additional 775 shares during the last quarter. Advisor Group Inc. bought a new stake in NuStar Energy L.P. during the second quarter worth approximately $181,000. Douglass Winthrop Advisors LLC bought a new stake in NuStar Energy L.P. during the second quarter worth approximately $206,000. Sigma Planning Corp bought a new stake in NuStar Energy L.P. during the second quarter worth approximately $215,000. Finally, IFP Advisors Inc boosted its stake in NuStar Energy L.P. by 1.6% in the first quarter. IFP Advisors Inc now owns 5,349 shares of the company’s stock worth $216,000 after buying an additional 86 shares during the last quarter.
About NuStar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
Receive News & Ratings for NuStar Energy L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy L.P. and related companies with MarketBeat.com's FREE daily email newsletter.