Stock Traders Buy High Volume of NuStar Energy Call Options (NYSE:NS)

NuStar Energy L.P. (NYSE:NS) saw unusually large options trading on Wednesday. Stock investors purchased 2,504 call options on the stock. This is an increase of approximately 749% compared to the typical daily volume of 295 call options.

Shares of NuStar Energy stock opened at $22.42 on Thursday. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.26 and a quick ratio of 0.24. NuStar Energy has a 1 year low of $23.03 and a 1 year high of $30.06. The company has a market capitalization of $2.63 billion, a P/E ratio of -9.75, a P/E/G ratio of 13.43 and a beta of 1.61. The business has a 50 day moving average price of $27.43 and a 200 day moving average price of $27.63.

NuStar Energy (NYSE:NS) last issued its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. NuStar Energy had a positive return on equity of 15.21% and a negative net margin of 6.46%. The firm had revenue of $399.69 million during the quarter, compared to the consensus estimate of $421.01 million. During the same period in the previous year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, research analysts expect that NuStar Energy will post 1.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.40 annualized dividend and a yield of 10.70%. NuStar Energy’s payout ratio is currently 86.64%.

NS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of NuStar Energy from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Tuesday, November 19th. UBS Group upgraded shares of NuStar Energy from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, February 5th. Finally, ValuEngine upgraded shares of NuStar Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

In related news, Director Dan J. Hill purchased 1,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $26.59 per share, with a total value of $39,885.00. Company insiders own 8.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of NuStar Energy during the 4th quarter valued at $66,000. Firestone Capital Management purchased a new stake in NuStar Energy during the 4th quarter worth $75,000. Tower Research Capital LLC TRC boosted its position in NuStar Energy by 582.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,683 shares of the pipeline company’s stock worth $76,000 after purchasing an additional 2,290 shares during the period. Advisory Services Network LLC boosted its position in NuStar Energy by 280.6% during the 4th quarter. Advisory Services Network LLC now owns 3,007 shares of the pipeline company’s stock worth $78,000 after purchasing an additional 2,217 shares during the period. Finally, Vestcor Investment Management Corp purchased a new stake in NuStar Energy during the 4th quarter worth $143,000. 63.92% of the stock is owned by institutional investors.

NuStar Energy Company Profile

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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