Short Interest in NuStar Energy L.P. (NYSE:NS) Grows By 55.6%

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NuStar Energy L.P. (NYSE:NS) was the recipient of a large growth in short interest during the month of September. As of September 28th, there was short interest totalling 3,431,429 shares, a growth of 55.6% from the September 14th total of 2,205,127 shares. Based on an average daily trading volume, of 804,526 shares, the short-interest ratio is currently 4.3 days. Approximately 4.0% of the company’s shares are sold short.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered NuStar Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine lowered NuStar Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Stifel Nicolaus upped their price target on NuStar Energy from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, August 15th. Citigroup boosted their price objective on NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, US Capital Advisors reissued a “hold” rating on shares of NuStar Energy in a research note on Tuesday, July 17th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NuStar Energy currently has a consensus rating of “Hold” and a consensus target price of $26.88.

Shares of NYSE:NS traded down $0.01 during midday trading on Friday, reaching $24.71. The company’s stock had a trading volume of 786,146 shares, compared to its average volume of 695,446. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 38.61 and a beta of 1.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.87 and a quick ratio of 0.61. NuStar Energy has a fifty-two week low of $19.22 and a fifty-two week high of $35.91.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Monday, November 5th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $472.87 million. NuStar Energy had a return on equity of 32.29% and a net margin of 12.03%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Analysts anticipate that NuStar Energy will post 1.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Thursday, November 8th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date is Wednesday, November 7th. NuStar Energy’s dividend payout ratio (DPR) is currently 375.00%.

A number of hedge funds have recently bought and sold shares of NS. Summit Trail Advisors LLC raised its stake in NuStar Energy by 370.8% during the 1st quarter. Summit Trail Advisors LLC now owns 164,855 shares of the pipeline company’s stock worth $165,000 after buying an additional 129,842 shares during the period. Catawba Capital Management VA acquired a new position in NuStar Energy during the 2nd quarter worth approximately $214,000. Prospera Financial Services Inc acquired a new position in NuStar Energy during the 3rd quarter worth approximately $216,000. Chemical Bank acquired a new position in NuStar Energy during the 3rd quarter worth approximately $218,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in NuStar Energy during the 3rd quarter worth approximately $229,000. 48.67% of the stock is currently owned by institutional investors and hedge funds.

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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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