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

StockNews.com initiated coverage on shares of NuStar Energy (NYSE:NS) in a report issued on Sunday. The firm issued a buy rating on the pipeline company’s stock.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company raised shares of NuStar Energy from an underweight rating to an equal weight rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Tuesday, January 23rd. 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 note on Wednesday, January 24th. Raymond James reissued a market perform rating on shares of NuStar Energy in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reissued an underweight rating and set a $19.00 target price on shares of NuStar Energy in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $19.33.

NuStar Energy Trading Up 1.9 %

NuStar Energy stock opened at $22.71 on Friday. 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 market cap of $2.87 billion, a price-to-earnings ratio of 31.99 and a beta of 1.70. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50. The firm’s 50 day moving average price is $23.09 and its two-hundred day moving average price is $20.32.

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

NuStar Energy Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Thursday, May 2nd. Investors of record on Friday, April 26th will be paid a $0.212 dividend. The ex-dividend date of this dividend is Thursday, April 25th. NuStar Energy’s payout ratio is presently 225.35%.

Institutional Investors Weigh In On NuStar Energy

Several institutional investors and hedge funds have recently modified their holdings of NS. RIA Advisory Group LLC acquired a new stake in shares of NuStar Energy in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC lifted its position in NuStar Energy by 55.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 718 shares during the last quarter. Baystate Wealth Management LLC lifted its position in NuStar Energy by 234.0% during the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after acquiring an additional 1,516 shares during the last quarter. Lee Financial Co lifted its position in NuStar Energy by 18.4% during the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock worth $69,000 after acquiring an additional 571 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in NuStar Energy during the 3rd quarter worth $183,000. Institutional investors and hedge funds own 63.13% of the company’s stock.

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.