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NuStar Energy L.P. (NYSE:NS) gapped up before the market opened on Monday . The stock had previously closed at $16.56, but opened at $17.10. NuStar Energy shares last traded at $17.01, with a volume of 475 shares.
Separately, Wells Fargo & Company boosted their price target on shares of NuStar Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, June 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.38.
The firm’s fifty day simple moving average is $18.22. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 7.78. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 51.75 and a beta of 2.61.
NuStar Energy (NYSE:NS) last released its quarterly earnings results on Tuesday, May 4th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.23). NuStar Energy had a negative net margin of 0.63% and a positive return on equity of 31.00%. The business had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $374.71 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, equities analysts expect that NuStar Energy L.P. will post 1.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 12th. Investors of record on Friday, August 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 5th. This represents a $1.60 annualized dividend and a yield of 9.55%. NuStar Energy’s dividend payout ratio (DPR) is 280.70%.
A number of hedge funds have recently added to or reduced their stakes in NS. Tortoise Capital Advisors L.L.C. raised its position in NuStar Energy by 10,218.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 7,811,848 shares of the pipeline company’s stock worth $133,505,000 after buying an additional 7,736,142 shares during the last quarter. Blackstone Group Inc. raised its position in NuStar Energy by 46.7% during the 1st quarter. Blackstone Group Inc. now owns 5,334,749 shares of the pipeline company’s stock worth $91,171,000 after buying an additional 1,698,844 shares during the last quarter. Alps Advisors Inc. raised its position in NuStar Energy by 6.6% during the 1st quarter. Alps Advisors Inc. now owns 13,265,805 shares of the pipeline company’s stock worth $226,713,000 after buying an additional 817,689 shares during the last quarter. Zimmer Partners LP increased its holdings in shares of NuStar Energy by 87.4% in the 1st quarter. Zimmer Partners LP now owns 734,997 shares of the pipeline company’s stock valued at $12,561,000 after purchasing an additional 342,689 shares in the last quarter. Finally, Covenant Multifamily Offices LLC purchased a new position in shares of NuStar Energy in the 1st quarter valued at about $4,121,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.
About NuStar Energy (NYSE:NS)
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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