NuStar Energy L.P. (NYSE:NS) Declares None Dividend of $0.21

NuStar Energy L.P. (NYSE:NS - Get Free Report) announced a None dividend on Monday, April 15th, NASDAQ reports. Shareholders of record on Friday, April 26th will be paid a dividend of 0.212 per share by the pipeline company on Thursday, May 2nd. The ex-dividend date is Thursday, April 25th.

NuStar Energy has decreased its dividend payment by an average of 3.9% annually over the last three years. NuStar Energy has a payout ratio of 103.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect NuStar Energy to earn $1.21 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 132.2%.

NuStar Energy Trading Up 1.9 %

Shares of NS traded up $0.43 during trading hours on Tuesday, reaching $22.71. 422,739 shares of the company traded hands, compared to its average volume of 854,579. NuStar Energy has a 12 month low of $14.70 and a 12 month high of $24.50. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 11.76. The company's fifty day moving average price is $23.09 and its two-hundred day moving average price is $20.28. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 31.39 and a beta of 1.70.

NuStar Energy (NYSE:NS - Get Free Report) last issued its 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. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. The business had revenue of $451.70 million during the quarter, compared to analysts' expectations of $433.69 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that NuStar Energy will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NS has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $19.00 price target on shares of NuStar Energy in a research note on Wednesday, January 10th. Raymond James reiterated a "market perform" rating on shares of NuStar Energy in a report on Tuesday, February 20th. StockNews.com initiated coverage on shares of NuStar Energy in a report on Sunday. They issued a "buy" rating on the stock. Wells Fargo & Company upgraded shares of NuStar Energy from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $23.00 price objective (up from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. One equities 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.33.

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.