NuStar Energy (NYSE:NS – Get Free Report)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $19.00 price objective on the pipeline company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 2.40% from the company’s previous close.
Other analysts also recently issued research reports about the company. StockNews.com started coverage on NuStar Energy in a research note on Thursday, October 5th. They set a “buy” rating for the company. Citigroup assumed coverage on NuStar Energy in a research report on Friday, October 6th. They issued a “neutral” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, NuStar Energy presently has an average rating of “Hold” and a consensus target price of $18.67.
Check Out Our Latest Research Report on NS
NuStar Energy Price Performance
Shares of NYSE:NS opened at $18.56 on Wednesday. The business has a 50 day moving average price of $18.28 and a 200 day moving average price of $17.50. NuStar Energy has a twelve month low of $14.41 and a twelve month high of $19.32. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 35.68 and a beta of 1.73. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 11.89.
NuStar Energy (NYSE:NS – Get Free Report) last announced its earnings results on Thursday, November 2nd. The pipeline company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). NuStar Energy had a net margin of 18.29% and a return on equity of 131.79%. The business had revenue of $410.30 million for the quarter, compared to the consensus estimate of $389.58 million. Research analysts predict that NuStar Energy will post 0.82 earnings per share for the current year.
Institutional Investors Weigh In On NuStar Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. increased its holdings in NuStar Energy by 44.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,939 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 600 shares in the last quarter. Clear Street Markets LLC acquired a new stake in NuStar Energy during the 4th quarter valued at $34,000. Steward Partners Investment Advisory LLC increased its holdings in NuStar Energy by 1,610.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company’s stock valued at $49,000 after purchasing an additional 2,898 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in NuStar Energy by 6,952.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,020 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 3,963 shares in the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in NuStar Energy during the 2nd quarter valued at $87,000. 56.35% of the stock is owned by institutional investors and hedge funds.
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 Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.
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