Equities research analysts expect Nustar Energy L.P. (NYSE:NS) to report $430.72 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Nustar Energy L.P.’s earnings, with the lowest sales estimate coming in at $426.17 million and the highest estimate coming in at $435.27 million. Nustar Energy L.P. posted sales of $471.76 million during the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The business is expected to report its next earnings report on Tuesday, January 30th.
On average, analysts expect that Nustar Energy L.P. will report full-year sales of $430.72 million for the current fiscal year, with estimates ranging from $1.79 billion to $1.80 billion. For the next year, analysts forecast that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.84 billion to $1.87 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). The business had revenue of $440.60 million during the quarter, compared to analyst estimates of $413.81 million. Nustar Energy L.P. had a net margin of 6.09% and a return on equity of 6.89%. Nustar Energy L.P.’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share.
A number of equities research analysts have recently commented on NS shares. Wells Fargo & Company cut shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. UBS AG reiterated a “buy” rating and issued a $53.00 target price (down from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.56.
In related news, Director William E. Greehey bought 43,101 shares of the stock in a transaction on Thursday, August 24th. The stock was bought at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the completion of the purchase, the director now directly owns 3,497,763 shares in the company, valued at approximately $135,328,450.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Greehey bought 6,899 shares of the stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $38.61 per share, with a total value of $266,370.39. Following the purchase, the director now 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. Corporate insiders own 4.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in Nustar Energy L.P. by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after buying an additional 163 shares during the period. Ffcm LLC boosted its stake in Nustar Energy L.P. by 230.9% during the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares during the period. Botty Investors LLC purchased a new position in Nustar Energy L.P. during the second quarter worth about $127,000. Winslow Evans & Crocker Inc. boosted its stake in Nustar Energy L.P. by 708.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in Nustar Energy L.P. by 210.2% during the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares during the period. 57.75% of the stock is owned by institutional investors.
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Shares of Nustar Energy L.P. (NYSE:NS) opened at $31.73 on Monday. The company has a market cap of $2,951.93, a PE ratio of 83.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.36 and a quick ratio of 0.33. Nustar Energy L.P. has a 12-month low of $31.21 and a 12-month high of $55.64.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Thursday, November 9th will be issued a $1.095 dividend. This represents a $4.38 dividend on an annualized basis and a dividend yield of 13.80%. The ex-dividend date of this dividend is Wednesday, November 8th. Nustar Energy L.P.’s dividend payout ratio is currently 1,152.66%.
Nustar Energy L.P. Company Profile
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.
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