NuStar Energy L.P. Sets New 1-Year Low at $37.73 (NS)
NuStar Energy L.P. (NYSE:NS) set a new 52-week low during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as low as $37.73 and last traded at $38.09, with a volume of 766,736 shares. The stock had previously closed at $38.69.
NS has been the subject of a number of recent research reports. Analysts at Barclays Capital cut their price target on shares of NuStar Energy L.P. (NYSE:NS) from $49.00 to $45.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Simmons downgraded shares of NuStar Energy L.P. (NYSE:NS) from a “neutral” rating to an “underweight” rating in a research note to investors on Tuesday. Finally, analysts at JPMorgan Chase & Co. upgraded shares of NuStar Energy L.P. (NYSE:NS) from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $44.00 price target on the stock, down previously from $45.00.
Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.80.
NuStar Energy L.P. has a 52 week low of $37.73 and a 52 week high of $54.95. The stock’s 50-day moving average is $42.6 and its 200-day moving average is $47.38. The company has a market cap of $2.982 billion and a P/E ratio of 411.60.
NuStar Energy L.P. (NYSE:NS) last announced its earnings results on Friday, July 26th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $904.20 million for the quarter, compared to the consensus estimate of $924.53 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 48.9% on a year-over-year basis. Analysts expect that NuStar Energy L.P. will post $1.08 EPS for the current fiscal year.
NuStar Energy L.P. (NYSE:NS) is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia and asphalt and fuels marketing.
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