NuStar GP (NYSE:NSH) Downgraded by ValuEngine

ValuEngine cut shares of NuStar GP (NYSE:NSH) from a buy rating to a hold rating in a research report released on Sunday, December 31st.

Several other brokerages have also weighed in on NSH. Barclays dropped their price objective on shares of NuStar GP from $22.00 to $21.00 and set an equal weight rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of NuStar GP from a sell rating to a hold rating in a report on Wednesday, November 15th. Mizuho reiterated a hold rating and set a $21.00 price objective on shares of NuStar GP in a report on Friday, November 10th. Citigroup lowered their target price on shares of NuStar GP from $30.00 to $24.00 and set a buy rating on the stock in a report on Tuesday, October 10th. Finally, UBS Group lowered their target price on shares of NuStar GP from $33.00 to $21.00 and set a buy rating on the stock in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $22.33.

NuStar GP (NSH) opened at $17.85 on Friday. NuStar GP has a fifty-two week low of $13.50 and a fifty-two week high of $31.50. The firm has a market cap of $768.84, a PE ratio of 8.97 and a beta of 1.02.

NuStar GP (NYSE:NSH) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.08). NuStar GP had a net margin of 178.06% and a return on equity of 23.17%. equities research analysts expect that NuStar GP will post 2.1 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Trust Group LLC raised its holdings in shares of NuStar GP by 14.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,213,910 shares of the pipeline company’s stock worth $26,706,000 after acquiring an additional 150,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of NuStar GP by 97.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,090 shares of the pipeline company’s stock worth $795,000 after acquiring an additional 17,774 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NuStar GP by 13.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock worth $10,476,000 after acquiring an additional 57,985 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of NuStar GP by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock worth $3,540,000 after acquiring an additional 81,046 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of NuStar GP by 30.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock worth $12,215,000 after acquiring an additional 129,437 shares during the last quarter. Institutional investors own 55.57% of the company’s stock.

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NuStar GP Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NuStar GP (NYSE:NSH)

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