Shares of NuStar Energy L.P. (NYSE:NS) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.00.
A number of analysts have recently issued reports on NS shares. Wells Fargo & Company lifted their target price on NuStar Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, June 24th. Barclays decreased their target price on NuStar Energy from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, August 6th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NS. IFP Advisors Inc grew its stake 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 during the last quarter. Cullen Frost Bankers Inc. boosted its stake in NuStar Energy by 33.1% in the first quarter. Cullen Frost Bankers Inc. now owns 8,049 shares of the pipeline company’s stock valued at $138,000 after acquiring an additional 2,000 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in NuStar Energy in the first quarter valued at approximately $292,000. Avidian Wealth Solutions LLC bought a new position in NuStar Energy in the first quarter valued at approximately $773,000. Finally, Cincinnati Insurance Co. boosted its stake in NuStar Energy by 55.5% in the first quarter. Cincinnati Insurance Co. now owns 84,742 shares of the pipeline company’s stock valued at $1,448,000 after acquiring an additional 30,244 shares during the last quarter. 57.83% of the stock is currently owned by institutional investors and hedge funds.
NuStar Energy (NYSE:NS) last announced its earnings results on Thursday, August 5th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.08). NuStar Energy had a return on equity of 42.65% and a net margin of 1.60%. The business had revenue of $427.09 million for the quarter, compared to analysts’ expectations of $375.28 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, research analysts anticipate that NuStar Energy will post 1.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Friday, August 6th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 5th. This represents a $1.60 annualized dividend and a dividend yield of 10.23%. NuStar Energy’s dividend payout ratio (DPR) is currently 280.70%.
About NuStar Energy
NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.
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