Bank of America downgraded shares of NuStar Energy (NYSE:NS) from a neutral rating to an underperform rating in a report published on Wednesday, AR Network reports.
A number of other equities analysts also recently weighed in on NS. Smith Barney Citigroup began coverage on shares of NuStar Energy in a research note on Thursday, December 3rd. They set a neutral rating and a $15.00 target price for the company. Zacks Investment Research raised shares of NuStar Energy from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Tuesday, October 13th. BidaskClub lowered shares of NuStar Energy from a hold rating to a sell rating in a report on Monday, December 28th. ValuEngine raised shares of NuStar Energy from a sell rating to a hold rating in a report on Tuesday, December 1st. Finally, Wells Fargo & Company raised shares of NuStar Energy from an equal weight rating to an overweight rating and set a $16.00 target price on the stock in a report on Monday, November 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $14.71.
Shares of NYSE NS opened at $15.16 on Wednesday. NuStar Energy has a twelve month low of $4.98 and a twelve month high of $29.36. The firm has a fifty day simple moving average of $14.87 and a 200 day simple moving average of $13.23. The company has a market capitalization of $1.66 billion, a PE ratio of -6.21 and a beta of 2.60. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 6.72.
NuStar Energy (NYSE:NS) last announced its earnings results on Thursday, November 5th. The pipeline company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). NuStar Energy had a positive return on equity of 25.87% and a negative net margin of 9.11%. The firm had revenue of $362.59 million for the quarter, compared to the consensus estimate of $357.81 million. During the same period in the prior year, the business earned $0.11 EPS. NuStar Energy’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts expect that NuStar Energy will post -1.42 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of NS. California Public Employees Retirement System increased its holdings in NuStar Energy by 7.9% in the 2nd quarter. California Public Employees Retirement System now owns 220,730 shares of the pipeline company’s stock worth $3,152,000 after buying an additional 16,134 shares during the period. Teacher Retirement System of Texas increased its stake in shares of NuStar Energy by 31.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 43,358 shares of the pipeline company’s stock worth $460,000 after acquiring an additional 10,428 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of NuStar Energy by 46.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,017 shares of the pipeline company’s stock worth $181,000 after purchasing an additional 5,395 shares during the last quarter. Stifel Financial Corp increased its position in shares of NuStar Energy by 22.0% during the 2nd quarter. Stifel Financial Corp now owns 23,492 shares of the pipeline company’s stock worth $335,000 after purchasing an additional 4,229 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of NuStar Energy by 28.4% during the 3rd quarter. Morgan Stanley now owns 4,088,068 shares of the pipeline company’s stock worth $43,416,000 after purchasing an additional 903,507 shares during the last quarter. 48.49% of the stock is currently owned by hedge funds and other institutional investors.
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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