NuStar Energy (NYSE:NS – Get Rating) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “underweight” rating in a research report issued on Friday, The Fly reports.
NS has been the topic of several other research reports. Mizuho dropped their price target on NuStar Energy from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, November 4th. StockNews.com raised NuStar Energy from a “hold” rating to a “buy” rating in a report on Friday, November 18th.
NuStar Energy Price Performance
NYSE:NS opened at $15.02 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 18.14. The business’s 50-day moving average price is $15.68 and its 200 day moving average price is $15.21. NuStar Energy has a 52-week low of $12.80 and a 52-week high of $18.05. The firm has a market cap of $1.66 billion, a P/E ratio of 40.59 and a beta of 1.99.
NuStar Energy (NYSE:NS – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.09). NuStar Energy had a return on equity of 121.01% and a net margin of 11.29%. The business had revenue of $413.24 million during the quarter, compared to analyst estimates of $374.11 million. As a group, sell-side analysts predict that NuStar Energy will post 0.69 earnings per share for the current fiscal year.
Institutional Trading of NuStar Energy
A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its holdings in shares of NuStar Energy by 6.5% during the first 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. Mirae Asset Global Investments Co. Ltd. grew its stake in NuStar Energy by 21.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,110,722 shares of the pipeline company’s stock valued at $57,550,000 after acquiring an additional 728,270 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NuStar Energy by 50.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,453,728 shares of the pipeline company’s stock valued at $20,963,000 after purchasing an additional 489,108 shares during the period. Natixis lifted its position in shares of NuStar Energy by 76.7% in the second quarter. Natixis now owns 799,800 shares of the pipeline company’s stock worth $11,197,000 after purchasing an additional 347,200 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of NuStar Energy by 20.1% during the first quarter. UBS Group AG now owns 1,426,223 shares of the pipeline company’s stock worth $20,566,000 after purchasing an additional 239,046 shares during the period. Hedge funds and other institutional investors own 57.33% of the company’s stock.
NuStar Energy Company Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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