NuStar Energy L.P. (NS) Receives $31.67 Consensus Target Price from Brokerages

Shares of NuStar Energy L.P. (NYSE:NS) have received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.67.

NS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, January 23rd. Citigroup upgraded shares of NuStar Energy from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, December 5th. UBS restated a “buy” rating and set a $27.00 price objective (down previously from $28.00) on shares of NuStar Energy in a research report on Friday, March 2nd. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, B. Riley downgraded shares of NuStar Energy to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, March 20th.

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A number of hedge funds have recently made changes to their positions in NS. The Manufacturers Life Insurance Company increased its holdings in NuStar Energy by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after buying an additional 163 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in NuStar Energy during the third quarter valued at approximately $217,000. Advisors Asset Management Inc. increased its holdings in NuStar Energy by 23.8% during the third quarter. Advisors Asset Management Inc. now owns 21,459 shares of the pipeline company’s stock valued at $871,000 after buying an additional 4,121 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in NuStar Energy by 16.4% during the third quarter. JPMorgan Chase & Co. now owns 1,760,994 shares of the pipeline company’s stock valued at $70,863,000 after buying an additional 248,106 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in NuStar Energy during the third quarter valued at approximately $1,823,000. 60.09% of the stock is owned by institutional investors and hedge funds.



Shares of NYSE NS traded down $0.14 during midday trading on Monday, hitting $20.25. The stock had a trading volume of 611,636 shares, compared to its average volume of 830,434. The company has a market cap of $1,899.98, a PE ratio of 31.64 and a beta of 1.46. NuStar Energy has a 52 week low of $19.22 and a 52 week high of $52.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.34 and a current ratio of 0.38.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.17). The company had revenue of $450.50 million for the quarter, compared to the consensus estimate of $435.46 million. NuStar Energy had a net margin of 8.16% and a return on equity of 7.82%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. analysts forecast that NuStar Energy will post 1.61 earnings per share for the current fiscal year.

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About NuStar Energy

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.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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