NuStar Energy (NS) PT Raised to $28.00 at JPMorgan Chase & Co.

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NuStar Energy (NYSE:NS) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $25.00 to $28.00 in a research note issued on Friday, August 24th. The firm presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 0.68% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on NS. Zacks Investment Research cut shares of NuStar Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Stifel Nicolaus upped their target price on shares of NuStar Energy from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 15th. Citigroup upped their target price on shares of NuStar Energy from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Barclays upped their target price on shares of NuStar Energy from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. Finally, ValuEngine raised shares of NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.00.

Shares of NuStar Energy stock traded up $0.56 on Friday, reaching $27.81. The stock had a trading volume of 855,846 shares, compared to its average volume of 422,539. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.99. NuStar Energy has a fifty-two week low of $19.22 and a fifty-two week high of $41.78. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 43.45 and a beta of 1.68.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The firm had revenue of $486.20 million during the quarter, compared to analyst estimates of $479.32 million. NuStar Energy had a return on equity of 11.32% and a net margin of 11.83%. NuStar Energy’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. research analysts predict that NuStar Energy will post 1.91 earnings per share for the current year.

In other news, Director William E. Greehey purchased 413,736 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The shares were acquired at an average cost of $24.17 per share, for a total transaction of $9,999,999.12. Following the transaction, the director now directly owns 3,486,869 shares of the company’s stock, valued at approximately $84,277,623.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Catawba Capital Management VA bought a new position in shares of NuStar Energy during the 2nd quarter worth approximately $214,000. RMB Capital Management LLC bought a new position in shares of NuStar Energy in the first quarter valued at $201,000. Kovack Advisors Inc. grew its stake in shares of NuStar Energy by 74.0% in the first quarter. Kovack Advisors Inc. now owns 11,974 shares of the pipeline company’s stock valued at $244,000 after buying an additional 5,094 shares in the last quarter. HRT Financial LLC bought a new position in shares of NuStar Energy in the second quarter valued at $279,000. Finally, Virtu Financial LLC bought a new position in shares of NuStar Energy in the second quarter valued at $318,000. Hedge funds and other institutional investors own 46.52% 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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