Brokerages predict that Nustar Energy L.P. (NYSE:NS) will post $0.32 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Nustar Energy L.P.’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.26. Nustar Energy L.P. posted earnings of $0.49 per share during the same quarter last year, which would indicate a negative year over year growth rate of 34.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Nustar Energy L.P. will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.37. For the next year, analysts forecast that the company will post earnings of $1.76 per share, with EPS estimates ranging from $1.38 to $2.40. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.28. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.84%. The firm had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
Several research analysts recently commented on NS shares. Zacks Investment Research downgraded shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Wells Fargo & Company downgraded shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. BidaskClub downgraded shares of Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Macquarie started coverage on shares of Nustar Energy L.P. in a research note on Friday, April 21st. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, Credit Suisse Group raised shares of Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.00.
Nustar Energy L.P. (NYSE NS) traded up 0.97% during midday trading on Wednesday, hitting $41.55. 81,839 shares of the stock were exchanged. The stock has a market cap of $3.87 billion, a PE ratio of 58.44 and a beta of 1.38. Nustar Energy L.P. has a 1-year low of $41.12 and a 1-year high of $55.64. The company’s 50 day moving average is $45.46 and its 200-day moving average is $48.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be given a dividend of $1.095 per share. This represents a $4.38 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date of this dividend is Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is currently 608.33%.
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In other Nustar Energy L.P. news, Director William Grady Rosier bought 5,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of $46.40 per share, for a total transaction of $232,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jesse D. Bates bought 1,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of $42.81 per share, for a total transaction of $42,810.00. Following the acquisition, the director now owns 7,818 shares in the company, valued at approximately $334,688.58. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,000 shares of company stock worth $318,150. Insiders own 4.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in NS. Botty Investors LLC acquired a new stake in shares of Nustar Energy L.P. during the second quarter worth approximately $127,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares during the period. Sigma Planning Corp acquired a new stake in shares of Nustar Energy L.P. during the first quarter worth approximately $206,000. Finally, Level Four Advisory Services LLC boosted its stake in shares of Nustar Energy L.P. by 4.5% in the first quarter. Level Four Advisory Services LLC now owns 4,423 shares of the pipeline company’s stock worth $226,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 52.47% of the company’s stock.
Nustar Energy L.P. Company Profile
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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