NuStar Energy (NYSE:NS) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of NuStar Energy (NYSE:NSGet Free Report) in a report issued on Thursday. The firm set a “buy” rating on the pipeline company’s stock.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a report on Tuesday, February 20th. Finally, Wells Fargo & Company upgraded shares of NuStar Energy from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.43.

Read Our Latest Analysis on NuStar Energy

NuStar Energy Stock Performance

NS opened at $23.10 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 11.76. The company’s fifty day moving average price is $22.86 and its two-hundred day moving average price is $19.66. NuStar Energy has a 1-year low of $14.70 and a 1-year high of $24.50. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 32.54 and a beta of 1.70.

NuStar Energy (NYSE:NSGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. The firm had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect that NuStar Energy will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On NuStar Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Holdings Inc. boosted its position in shares of NuStar Energy by 4.6% in the fourth quarter. Nomura Holdings Inc. now owns 339,900 shares of the pipeline company’s stock valued at $6,349,000 after acquiring an additional 14,900 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NuStar Energy by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,535,454 shares of the pipeline company’s stock valued at $66,042,000 after acquiring an additional 351,608 shares during the period. DRW Securities LLC bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $675,000. Barclays PLC boosted its position in shares of NuStar Energy by 298.8% in the fourth quarter. Barclays PLC now owns 526,838 shares of the pipeline company’s stock valued at $9,841,000 after acquiring an additional 394,719 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new position in shares of NuStar Energy in the fourth quarter valued at approximately $280,000. Institutional investors own 63.13% of the company’s stock.

About NuStar Energy

(Get Free Report)

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.

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Analyst Recommendations for NuStar Energy (NYSE:NS)

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