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

StockNews.com began coverage on shares of NuStar Energy (NYSE:NS) in a report issued on Monday. The brokerage set a “buy” rating on the pipeline company’s stock.

A number of other research firms also recently issued reports on NS. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $19.00 target price on shares of NuStar Energy in a research report on Wednesday, January 10th. Raymond James reissued a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company raised 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 research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.33.

NuStar Energy Trading Up 0.9 %

NYSE NS opened at $22.58 on Monday. NuStar Energy has a 12 month low of $14.70 and a 12 month high of $24.50. The company has a 50-day moving average of $23.06 and a 200-day moving average of $20.43. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76. The company has a market cap of $2.86 billion, a P/E ratio of 31.80 and a beta of 1.70.

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

Institutional Trading of NuStar Energy

Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in shares of NuStar Energy by 30.0% during 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 during the last quarter. Blackstone Inc. boosted its stake in shares of NuStar Energy by 319.6% during 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 during the last quarter. Eagle Global Advisors LLC purchased a new position in shares of NuStar Energy during the 3rd quarter valued at approximately $19,941,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NuStar Energy by 21.6% during 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 during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of NuStar Energy by 47.4% during the 3rd quarter. Clearbridge Investments LLC now owns 2,149,680 shares of the pipeline company’s stock valued at $37,490,000 after buying an additional 691,604 shares during the last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.

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.