NuStar Energy (NYSE:NS) Shares Up 4.8%

NuStar Energy L.P. (NYSE:NS)’s share price shot up 4.8% during trading on Wednesday . The company traded as high as $21.48 and last traded at $21.33. 738,220 shares were traded during trading, a decline of 14% from the average session volume of 858,652 shares. The stock had previously closed at $20.36.

Analyst Ratings Changes

A number of research firms recently commented on NS. Wells Fargo & Company raised NuStar Energy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $18.00 to $21.00 in a report on Tuesday, January 23rd. StockNews.com initiated coverage on NuStar Energy in a research report on Saturday, April 13th. They set a “buy” rating for the company. Raymond James reiterated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price target (up from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $19.00 price objective on shares of NuStar Energy in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.43.

NuStar Energy Trading Up 2.1 %

The company has a 50 day moving average of $23.11 and a 200-day moving average of $20.16. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.76 and a current ratio of 0.85. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 30.97 and a beta of 1.70.

NuStar Energy (NYSE:NS) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The company had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. During the same quarter in the prior year, the business earned $0.34 EPS. NuStar Energy’s revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that NuStar Energy L.P. will post 1.1 earnings per share for the current year.

NuStar Energy Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Friday, April 26th will be issued a $0.212 dividend. The ex-dividend date of this dividend is Thursday, April 25th. NuStar Energy’s payout ratio is currently 225.35%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GraniteShares Advisors LLC purchased a new position in shares of NuStar Energy in the 4th quarter valued at about $1,480,000. Alps Advisors Inc. increased its position in NuStar Energy by 30.0% during the third quarter. Alps Advisors Inc. now owns 19,865,418 shares of the pipeline company’s stock worth $346,453,000 after buying an additional 4,586,344 shares during the period. Exchange Traded Concepts LLC increased its position in NuStar Energy by 42.8% during the third quarter. Exchange Traded Concepts LLC now owns 132,684 shares of the pipeline company’s stock worth $2,314,000 after buying an additional 39,772 shares during the period. Fractal Investments LLC increased its position in NuStar Energy by 33.2% during the third quarter. Fractal Investments LLC now owns 643,707 shares of the pipeline company’s stock worth $11,226,000 after buying an additional 160,270 shares during the period. Finally, Citigroup Inc. increased its position in NuStar Energy by 71.8% during the third quarter. Citigroup Inc. now owns 163,759 shares of the pipeline company’s stock worth $2,856,000 after buying an additional 68,431 shares during the period. Hedge funds and other institutional investors own 63.13% of the company’s stock.

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.