NuStar Energy (NYSE:NS) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of NuStar Energy (NYSE:NS) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the pipeline company’s stock.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Raymond James reaffirmed a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Wells Fargo & Company raised NuStar Energy from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.33.

NuStar Energy Stock Performance

Shares of NuStar Energy stock opened at $21.96 on Tuesday. The company has a debt-to-equity ratio of 12.93, a quick ratio of 0.76 and a current ratio of 0.81. NuStar Energy has a 52 week low of $14.70 and a 52 week high of $24.50. The stock has a 50 day moving average price of $22.84 and a two-hundred day moving average price of $20.68. The stock has a market capitalization of $2.78 billion, a PE ratio of 30.93 and a beta of 1.69.

NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Thursday, May 2nd. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.15). The business had revenue of $390.80 million for the quarter, compared to the consensus estimate of $413.12 million. NuStar Energy had a net margin of 12.90% and a return on equity of 88.49%. The business’s revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that NuStar Energy will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of NuStar Energy

Institutional investors have recently modified their holdings of the business. RIA Advisory Group LLC bought a new stake in NuStar Energy during the 4th quarter valued at $37,000. Tower Research Capital LLC TRC raised its stake in shares of NuStar Energy by 55.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 718 shares during the period. Baystate Wealth Management LLC lifted its holdings in NuStar Energy by 234.0% during the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after purchasing an additional 1,516 shares in the last quarter. Lee Financial Co grew its holdings in NuStar Energy by 18.4% during the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock valued at $69,000 after buying an additional 571 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in NuStar Energy during the 3rd quarter valued at about $183,000. 63.13% of the stock is currently owned by hedge funds and other institutional investors.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.