Nustar Energy L.P. (NS) Price Target Lowered to $42.00 at Citigroup Inc.

Nustar Energy L.P. (NYSE:NS) had its price objective cut by Citigroup Inc. from $51.00 to $42.00 in a research note released on Tuesday. They currently have a neutral rating on the pipeline company’s stock.

A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded Nustar Energy L.P. from a hold rating to a sell rating in a report on Friday, September 1st. BidaskClub upgraded Nustar Energy L.P. from a strong sell rating to a sell rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Nustar Energy L.P. from a hold rating to a strong sell rating in a report on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Finally, UBS AG reiterated a buy rating and issued a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $49.13.

Shares of Nustar Energy L.P. (NS) traded down 0.2317% during mid-day trading on Tuesday, reaching $39.7377. 20,145 shares of the company’s stock were exchanged. Nustar Energy L.P. has a one year low of $37.30 and a one year high of $55.64. The firm has a market capitalization of $3.70 billion, a P/E ratio of 57.5909 and a beta of 1.40. The stock has a 50-day moving average of $40.24 and a 200 day moving average of $44.55.

Nustar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.28). The firm had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. Nustar Energy L.P.’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. On average, analysts forecast that Nustar Energy L.P. will post $1.12 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Nustar Energy L.P. (NS) Price Target Lowered to $42.00 at Citigroup Inc.” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/nustar-energy-l-p-ns-price-target-lowered-to-42-00-at-citigroup-inc.html.

In related news, Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $43.34 per share, for a total transaction of $43,340.00. Following the completion of the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William E. Greehey purchased 6,899 shares of Nustar Energy L.P. stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $38.61 per share, with a total value of $266,370.39. Following the completion of the acquisition, the director now directly owns 3,454,662 shares of the company’s stock, valued at $133,384,499.82. The disclosure for this purchase can be found here. Insiders have bought 101,000 shares of company stock valued at $4,070,288 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Large investors have recently modified their holdings of the company. AlphaMark Advisors LLC increased its holdings in Nustar Energy L.P. by 9.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 5,898 shares of the pipeline company’s stock worth $275,000 after buying an additional 500 shares in the last quarter. Morgan Stanley increased its holdings in Nustar Energy L.P. by 10.5% in the 1st quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock worth $99,938,000 after buying an additional 182,223 shares in the last quarter. Third Security LLC increased its holdings in Nustar Energy L.P. by 24.6% in the 2nd quarter. Third Security LLC now owns 145,200 shares of the pipeline company’s stock worth $6,771,000 after buying an additional 28,700 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Nustar Energy L.P. by 72.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 958,200 shares of the pipeline company’s stock worth $44,675,000 after buying an additional 402,500 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Nustar Ene

A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded Nustar Energy L.P. from a hold rating to a sell rating in a report on Friday, September 1st. BidaskClub upgraded Nustar Energy L.P. from a strong sell rating to a sell rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Nustar Energy L.P. from a hold rating to a strong sell rating in a report on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Finally, UBS AG reiterated a buy rating and issued a $53.00 price objective (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $49.13.

Shares of Nustar Energy L.P. (NS) traded down 0.2317% during mid-day trading on Tuesday, reaching $39.7377. 20,145 shares of the company’s stock were exchanged. Nustar Energy L.P. has a one year low of $37.30 and a one year high of $55.64. The firm has a market capitalization of $3.70 billion, a P/E ratio of 57.5909 and a beta of 1.40. The stock has a 50-day moving average of $40.24 and a 200 day moving average of $44.55.

Nustar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.28). The firm had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. Nustar Energy L.P.’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. On average, analysts forecast that Nustar Energy L.P. will post $1.12 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Nustar Energy L.P. (NS) Price Target Lowered to $42.00 at Citigroup Inc.” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/nustar-energy-l-p-ns-price-target-lowered-to-42-00-at-citigroup-inc.html.

In related news, Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $43.34 per share, for a total transaction of $43,340.00. Following the completion of the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William E. Greehey purchased 6,899 shares of Nustar Energy L.P. stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $38.61 per share, with a total value of $266,370.39. Following the completion of the acquisition, the director now directly owns 3,454,662 shares of the company’s stock, valued at $133,384,499.82. The disclosure for this purchase can be found here. Insiders have bought 101,000 shares of company stock valued at $4,070,288 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Large investors have recently modified their holdings of the company. AlphaMark Advisors LLC increased its holdings in Nustar Energy L.P. by 9.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 5,898 shares of the pipeline company’s stock worth $275,000 after buying an additional 500 shares in the last quarter. Morgan Stanley increased its holdings in Nustar Energy L.P. by 10.5% in the 1st quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock worth $99,938,000 after buying an additional 182,223 shares in the last quarter. Third Security LLC increased its holdings in Nustar Energy L.P. by 24.6% in the 2nd quarter. Third Security LLC now owns 145,200 shares of the pipeline company’s stock worth $6,771,000 after buying an additional 28,700 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Nustar Energy L.P. by 72.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 958,200 shares of the pipeline company’s stock worth $44,675,000 after buying an additional 402,500 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Nustar Energy L.P. by 27.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 825,660 shares of the pipeline company’s stock worth $38,501,000 after buying an additional 176,513 shares in the last quarter. Hedge funds and other institutional investors own 56.69% of the company’s stock.

About Nustar Energy L.P.

NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

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