NuStar Energy L.P. (NYSE:NS – Get Rating) – US Capital Advisors cut their Q2 2022 earnings per share (EPS) estimates for NuStar Energy in a report issued on Monday, April 25th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.26 per share for the quarter, down from their prior estimate of $0.27. US Capital Advisors also issued estimates for NuStar Energy’s Q4 2022 earnings at $0.25 EPS, FY2022 earnings at $1.01 EPS, Q1 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $1.07 EPS.
A number of other brokerages have also recently commented on NS. StockNews.com started coverage on shares of NuStar Energy in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Barclays lifted their price objective on shares of NuStar Energy from $19.00 to $20.00 in a report on Thursday, January 20th. JPMorgan Chase & Co. lifted their price objective on shares of NuStar Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, March 22nd. Wells Fargo & Company lowered shares of NuStar Energy from an “overweight” rating to an “equal weight” rating and set a $17.00 price target for the company. in a report on Monday, February 7th. They noted that the move was a valuation call. Finally, Citigroup cut their price objective on shares of NuStar Energy from $19.00 to $18.00 in a research report on Tuesday, January 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.20.
NuStar Energy (NYSE:NS – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The pipeline company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.15). The firm had revenue of $417.42 million for the quarter, compared to the consensus estimate of $407.25 million. NuStar Energy had a net margin of 2.36% and a return on equity of 63.92%. During the same quarter in the previous year, the business earned $0.13 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 14th. Shareholders of record on Tuesday, February 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend was Monday, February 7th. NuStar Energy’s dividend payout ratio is presently -161.62%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Brookfield Asset Management Inc. purchased a new position in NuStar Energy during the third quarter worth about $13,398,000. Teacher Retirement System of Texas raised 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. Roosevelt Investment Group LLC acquired a new stake in NuStar Energy in the fourth quarter valued at approximately $205,000. Guggenheim Capital LLC raised its holdings in NuStar Energy by 33.0% during the third quarter. Guggenheim Capital LLC now owns 14,135 shares of the pipeline company’s stock worth $222,000 after purchasing an additional 3,506 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in NuStar Energy by 25.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 50,745 shares of the pipeline company’s stock worth $806,000 after purchasing an additional 10,145 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.
NuStar Energy Company Profile (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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