NuStar Energy L.P. (NYSE:NS) – Equities research analysts at US Capital Advisors decreased their Q3 2021 EPS estimates for shares of NuStar Energy in a research note issued on Tuesday, July 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $0.20 per share for the quarter, down from their previous estimate of $0.21. US Capital Advisors also issued estimates for NuStar Energy’s Q4 2021 earnings at $0.19 EPS.
Separately, Wells Fargo & Company raised their price objective on NuStar Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.38.
NuStar Energy (NYSE:NS) last released its quarterly earnings results on Tuesday, May 4th. The pipeline company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.23). The business had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $374.71 million. NuStar Energy had a negative net margin of 0.63% and a positive return on equity of 31.00%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS.
Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. boosted its position in shares of NuStar Energy by 42.5% during the first quarter. First Horizon Advisors Inc. now owns 1,881 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 561 shares in the last quarter. Pflug Koory LLC bought a new stake in shares of NuStar Energy during the second quarter valued at approximately $37,000. IFP Advisors Inc boosted its position in shares of NuStar Energy by 112.3% during the first quarter. IFP Advisors Inc now owns 3,401 shares of the pipeline company’s stock valued at $59,000 after purchasing an additional 1,799 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of NuStar Energy by 15.9% during the first quarter. Pacer Advisors Inc. now owns 5,453 shares of the pipeline company’s stock valued at $93,000 after purchasing an additional 750 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of NuStar Energy by 33.1% during the first quarter. Cullen Frost Bankers Inc. now owns 8,049 shares of the pipeline company’s stock valued at $138,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 58.66% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Stockholders of record on Monday, May 10th were given a $0.40 dividend. The ex-dividend date was Friday, May 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.44%. NuStar Energy’s dividend payout ratio is currently 280.70%.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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