NuStar Energy (NYSE:NS) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of NuStar Energy (NYSE:NS) in a research note issued on Sunday. The brokerage set a “buy” rating on the pipeline company’s stock.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $19.00 price target on shares of NuStar Energy in a report on Wednesday, January 10th. 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 stock from $18.00 to $21.00 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.33.

NuStar Energy Trading Up 2.1 %

NYSE NS opened at $22.11 on Friday. The company’s 50-day moving average price is $23.10 and its 200-day moving average price is $20.22. 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 stock has a market cap of $2.80 billion, a PE ratio of 31.14 and a beta of 1.70. NuStar Energy has a 12 month low of $14.70 and a 12 month high of $24.50.

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

Institutional Trading of NuStar Energy

A number of institutional investors have recently modified their holdings of NS. Alps Advisors Inc. boosted its holdings in shares of NuStar Energy by 30.0% in the 3rd quarter. Alps Advisors Inc. now owns 19,865,418 shares of the pipeline company’s stock valued at $346,453,000 after buying an additional 4,586,344 shares in the last quarter. Blackstone Inc. boosted its holdings in shares of NuStar Energy by 319.6% in the 3rd quarter. Blackstone Inc. now owns 2,316,768 shares of the pipeline company’s stock valued at $40,404,000 after buying an additional 1,764,573 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in shares of NuStar Energy in the 3rd quarter valued at about $19,941,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NuStar Energy by 21.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,112,629 shares of the pipeline company’s stock valued at $114,184,000 after buying an additional 1,086,994 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of NuStar Energy by 6.5% in the 1st quarter. Invesco Ltd. now owns 15,954,362 shares of the pipeline company’s stock valued at $230,061,000 after buying an additional 975,659 shares in the last quarter. 63.13% of the stock is currently owned by institutional investors.

NuStar Energy Company Profile

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 three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.