NuStar Energy (NYSE:NS) Hits New 1-Year High at $23.98

NuStar Energy L.P. (NYSE:NSGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.98 and last traded at $23.90, with a volume of 35290 shares changing hands. The stock had previously closed at $23.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $19.00 price target on shares of NuStar Energy in a research report on Wednesday, January 10th. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Wells Fargo & Company raised shares of NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. StockNews.com assumed coverage on shares of NuStar Energy in a research note on Monday. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. One research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.43.

Get Our Latest Research Report on NS

NuStar Energy Stock Performance

The firm’s fifty day simple moving average is $21.14 and its 200 day simple moving average is $18.84. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 33.54 and a beta of 1.70. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76.

NuStar Energy (NYSE:NSGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $433.69 million. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that NuStar Energy L.P. will post 1.1 EPS for the current year.

NuStar Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.72%. NuStar Energy’s dividend payout ratio is 225.35%.

Hedge Funds Weigh In On NuStar Energy

A number of large investors have recently made changes to their positions in the business. Clear Street Markets LLC purchased a new position in NuStar Energy during the fourth quarter valued at approximately $34,000. RIA Advisory Group LLC acquired a new stake in shares of NuStar Energy during the 4th quarter valued at $37,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $37,000 after acquiring an additional 718 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of NuStar Energy by 234.0% in the fourth 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. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of NuStar Energy by 1,610.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock worth $49,000 after acquiring an additional 2,898 shares during the last quarter. Institutional investors and hedge funds own 56.35% 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.

Further Reading

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