Brokers Issue Forecasts for NuStar Energy L.P.’s Q4 2023 Earnings (NYSE:NS)

NuStar Energy L.P. (NYSE:NS) – Analysts at Zacks Research decreased their Q4 2023 EPS estimates for NuStar Energy in a research note issued on Tuesday, September 12th. Zacks Research analyst T. Saha now anticipates that the pipeline company will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.30. The consensus estimate for NuStar Energy’s current full-year earnings is $0.79 per share.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $378.33 million during the quarter, compared to analyst estimates of $372.52 million. NuStar Energy had a return on equity of 162.85% and a net margin of 18.78%.

A number of other research firms have also weighed in on NS. Stifel Nicolaus cut their target price on shares of NuStar Energy from $21.00 to $20.00 in a research report on Friday, August 11th. Barclays boosted their price objective on shares of NuStar Energy from $18.00 to $19.00 in a report on Tuesday, July 18th. TheStreet raised shares of NuStar Energy from a “c+” rating to a “b” rating in a research note on Tuesday, May 30th. Finally, StockNews.com started coverage on shares of NuStar Energy in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.33.

NuStar Energy Stock Up 1.3 %

NS stock opened at $17.49 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 29.29. NuStar Energy has a 1 year low of $12.80 and a 1 year high of $18.16. The company has a fifty day simple moving average of $16.86 and a 200 day simple moving average of $16.43. The firm has a market cap of $1.94 billion, a PE ratio of 22.14 and a beta of 1.80.

Institutional Investors Weigh In On NuStar Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of NuStar Energy during the 1st quarter worth about $26,000. First Horizon Advisors Inc. boosted its holdings in shares of NuStar Energy by 44.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,939 shares of the pipeline company’s stock worth $33,000 after buying an additional 600 shares during the period. Clear Street Markets LLC bought a new stake in NuStar Energy in the 4th quarter valued at about $34,000. Steward Partners Investment Advisory LLC boosted its holdings in NuStar Energy by 1,610.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock valued at $49,000 after purchasing an additional 2,898 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in NuStar Energy by 6,952.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,020 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 3,963 shares during the period. 56.35% of the stock is currently owned by institutional investors and hedge funds.

NuStar Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Tuesday, August 8th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.15%. NuStar Energy’s dividend payout ratio is 202.53%.

About NuStar Energy

NuStar Energy L.P. engages in the transportation terminalling and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.