Morgan Stanley Upgrades NuStar Energy L.P. to “Equal Weight” (NS)
NuStar Energy L.P. (NYSE:NS) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Wednesday, AnalystRatingsNetwork.com reports.
NS has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of NuStar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $42.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of NuStar Energy L.P. from $55.00 to $42.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Finally, analysts at Barclays cut their price target on shares of NuStar Energy L.P. from $49.00 to $45.00 in a research note to investors on Wednesday, September 11th. They now have an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.20.
Shares of NuStar Energy L.P. (NYSE:NS) traded up 1.76% on Wednesday, hitting $43.97. The stock had a trading volume of 1,139,481 shares. NuStar Energy L.P. has a 1-year low of $37.73 and a 1-year high of $54.95. The stock has a 50-day moving average of $42.28 and a 200-day moving average of $47.23. The company has a market cap of $3.425 billion and a P/E ratio of 459.68.
NuStar Energy L.P. (NYSE:NS) last released its earnings data on Friday, July 26th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. NuStar Energy L.P.’s revenue was down 48.9% compared to the same quarter last year. On average, analysts predict that NuStar Energy L.P. will post $1.10 earnings per share 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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