NuStar Energy L.P. (NYSE:NS) Given Average Recommendation of "Reduce" by Brokerages

NuStar Energy L.P. (NYSE:NS - Get Free Report) has received a consensus recommendation of "Reduce" from the five research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.43.

Several equities research analysts recently commented on the company. Wells Fargo & Company upgraded NuStar Energy from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. Raymond James reiterated a "market perform" rating on shares of NuStar Energy in a report on Tuesday, February 20th. StockNews.com assumed coverage on NuStar Energy in a report on Friday. They set a "buy" rating on the stock. Stifel Nicolaus reiterated a "hold" rating and set a $23.00 target price (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th.

Institutional Trading of NuStar Energy

Several institutional investors have recently modified their holdings of the company. Clear Street Markets LLC purchased a new stake in shares of NuStar Energy during the fourth quarter valued at $34,000. RIA Advisory Group LLC purchased a new stake in shares of NuStar Energy during the fourth quarter valued at $37,000. Tower Research Capital LLC TRC lifted its holdings in shares of NuStar Energy by 55.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 718 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of NuStar Energy by 234.0% during the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company's stock valued at $40,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of NuStar Energy by 1,610.0% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 63.13% of the company's stock.

NuStar Energy Trading Up 0.1 %

Shares of NuStar Energy stock traded up $0.03 during trading hours on Tuesday, reaching $22.53. The stock had a trading volume of 2,366,633 shares, compared to its average volume of 856,817. The firm has a 50 day simple moving average of $23.27 and a two-hundred day simple moving average of $20.02. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 31.73 and a beta of 1.70. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 11.76. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50.

NuStar Energy (NYSE:NS - Get Free Report) last released 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. The company had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, equities research analysts anticipate that NuStar Energy will post 1.1 earnings per share for the current year.

NuStar Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.60 annualized dividend and a dividend yield of 7.10%. NuStar Energy's dividend payout ratio (DPR) is 225.35%.

NuStar Energy Company Profile

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.