NuStar Energy L.P. (NYSE:NS – Get Rating) – Investment analysts at US Capital Advisors boosted their Q3 2022 earnings estimates for shares of NuStar Energy in a report issued on Monday, April 25th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.28 per share for the quarter, up from their prior estimate of $0.26. US Capital Advisors also issued estimates for NuStar Energy’s Q2 2023 earnings at $0.30 EPS, Q3 2023 earnings at $0.31 EPS and FY2024 earnings at $1.03 EPS.
NuStar Energy (NYSE:NS – Get Rating) last posted its quarterly earnings data on Thursday, February 3rd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.15). The company had revenue of $417.42 million during the quarter, compared to the consensus estimate of $407.25 million. NuStar Energy had a return on equity of 63.92% and a net margin of 2.36%. During the same quarter last year, the company posted $0.13 earnings per share.
NS stock opened at $14.91 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 14.12. The company’s 50 day moving average is $15.66 and its 200 day moving average is $15.78. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -15.06 and a beta of 2.36. NuStar Energy has a 1-year low of $13.53 and a 1-year high of $20.73.
Institutional investors have recently modified their holdings of the company. Arrow Investment Advisors LLC boosted its holdings in NuStar Energy by 4.9% in the fourth quarter. Arrow Investment Advisors LLC now owns 16,754 shares of the pipeline company’s stock valued at $266,000 after acquiring an additional 776 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in NuStar Energy by 7.8% in the third quarter. Teacher Retirement System of Texas now owns 18,806 shares of the pipeline company’s stock valued at $296,000 after acquiring an additional 1,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in NuStar Energy by 303.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,867 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 1,404 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in NuStar Energy by 3.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 58,057 shares of the pipeline company’s stock valued at $922,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in NuStar Energy by 46.6% in the first quarter. Pacer Advisors Inc. now owns 9,456 shares of the pipeline company’s stock valued at $136,000 after acquiring an additional 3,005 shares in the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Monday, February 14th. Stockholders of record on Tuesday, February 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.73%. The ex-dividend date was Monday, February 7th. NuStar Energy’s dividend payout ratio is -161.62%.
About NuStar Energy (Get Rating)
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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