NuStar Energy L.P. (NYSE:NS) Announces $0.21 None Dividend

NuStar Energy L.P. (NYSE:NS) announced a None dividend on Monday, April 15th, NASDAQ reports. Investors of record on Friday, April 26th will be given a dividend of 0.212 per share by the pipeline company on Thursday, May 2nd. The ex-dividend date is Thursday, April 25th.

NuStar Energy has decreased its dividend by an average of 3.9% per year over the last three years. NuStar Energy has a dividend payout ratio of 103.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NuStar Energy to earn $1.21 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 132.2%.

NuStar Energy Stock Up 0.8 %

NuStar Energy stock opened at $22.29 on Tuesday. NuStar Energy has a fifty-two week low of $14.70 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.76 and a current ratio of 0.85. The firm has a 50 day moving average price of $23.09 and a 200 day moving average price of $20.28. The company has a market capitalization of $2.82 billion, a PE ratio of 31.39 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 for the quarter, beating 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 during the quarter, compared to the consensus estimate of $433.69 million. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts expect that NuStar Energy will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

NS has been the subject of several research reports. StockNews.com initiated coverage on shares of NuStar Energy in a research note on Sunday. They issued a “buy” rating for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $19.00 price objective on shares of NuStar Energy in a research report on Wednesday, January 10th. Wells Fargo & Company raised shares of NuStar Energy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective (up from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Finally, Raymond James reaffirmed a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. One equities 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.33.

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