NuStar Energy (NYSE:NS) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of NuStar Energy (NYSE:NSGet Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

NS has been the topic of a number of other reports. Citigroup lowered their target price on shares of NuStar Energy from $19.00 to $18.00 in a report on Tuesday, January 18th. JPMorgan Chase & Co. upped their price objective on shares of NuStar Energy from $17.00 to $18.00 and gave the company a neutral rating in a report on Tuesday, March 22nd. Barclays upped their price objective on shares of NuStar Energy from $19.00 to $20.00 in a report on Thursday, January 20th. Finally, Wells Fargo & Company downgraded shares of NuStar Energy from an overweight rating to an equal weight rating and set a $17.00 price objective on the stock. in a report on Monday, February 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $18.20.

Shares of NS opened at $14.07 on Wednesday. NuStar Energy has a 1-year low of $12.87 and a 1-year high of $20.73. The company’s fifty day simple moving average is $15.32 and its 200 day simple moving average is $15.59. The company has a debt-to-equity ratio of 14.12, a quick ratio of 0.78 and a current ratio of 0.98.

NuStar Energy (NYSE:NSGet Rating) last issued its earnings results on Friday, May 6th. The pipeline company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $409.86 million for the quarter, compared to the consensus estimate of $417.38 million. NuStar Energy had a net margin of 0.50% and a return on equity of 111.92%. During the same period in the previous year, the company earned $0.05 earnings per share. Equities analysts forecast that NuStar Energy will post 0.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Monday, May 9th were paid a $0.40 dividend. The ex-dividend date was Friday, May 6th. This represents a $1.60 annualized dividend and a dividend yield of 11.37%. NuStar Energy’s dividend payout ratio (DPR) is presently -126.98%.

A number of institutional investors and hedge funds have recently bought and sold shares of NS. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NuStar Energy by 303.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,867 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 1,404 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NuStar Energy by 12.2% in the first quarter. Van ECK Associates Corp now owns 7,572 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 825 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of NuStar Energy by 46.6% in the first quarter. Pacer Advisors Inc. now owns 9,456 shares of the pipeline company’s stock worth $136,000 after acquiring an additional 3,005 shares during the last quarter. Advisors Capital Management LLC bought a new position in shares of NuStar Energy in the first quarter worth about $146,000. Finally, B. Riley Wealth Management Inc. bought a new position in NuStar Energy in the 1st quarter valued at approximately $149,000. 57.65% of the stock is owned by institutional investors and hedge funds.

About NuStar Energy (Get Rating)

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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