Nustar Energy L.P. (NYSE:NS) posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.33 by $0.28, MarketWatch Earnings reports. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The business had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. During the same period in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year.
Nustar Energy L.P. (NS) opened at 38.75 on Thursday. The stock’s 50 day moving average price is $44.68 and its 200 day moving average price is $48.09. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 53.23 and a beta of 1.38. Nustar Energy L.P. has a 12-month low of $38.36 and a 12-month high of $55.64.
The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 11.30%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.
NS has been the subject of several recent research reports. Wells Fargo & Company raised Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Macquarie started coverage on Nustar Energy L.P. in a report on Friday, April 21st. They issued a “neutral” rating and a $47.00 target price on the stock. Stifel Nicolaus reduced their price objective on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, April 25th. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research lowered Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Nustar Energy L.P. currently has an average rating of “Hold” and an average target price of $51.00.
In related news, Director Jesse D. Bates acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average price of $42.81 per share, for a total transaction of $42,810.00. Following the completion of the acquisition, the director now owns 7,818 shares of the company’s stock, valued at approximately $334,688.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Grady Rosier bought 5,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were acquired at an average price of $46.40 per share, with a total value of $232,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 57,000 shares of company stock valued at $2,411,150. 4.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Keybank National Association OH raised its position in shares of Nustar Energy L.P. by 1.5% in the second quarter. Keybank National Association OH now owns 6,777 shares of the pipeline company’s stock worth $316,000 after buying an additional 102 shares in the last quarter. McQueen Ball & Associates Inc. raised its position in Nustar Energy L.P. by 2.0% in the first quarter. McQueen Ball & Associates Inc. now owns 5,239 shares of the pipeline company’s stock worth $272,000 after buying an additional 104 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of Nustar Energy L.P. by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,219 shares of the pipeline company’s stock valued at $383,000 after buying an additional 104 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Nustar Energy L.P. by 0.5% in the second quarter. Bahl & Gaynor Inc. now owns 19,623 shares of the pipeline company’s stock valued at $977,000 after buying an additional 107 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Nustar Energy L.P. by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock valued at $360,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 54.13% of the company’s stock.
About Nustar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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