NuStar Energy L.P. Declares Quarterly Dividend of $1.10 (NS)
NuStar Energy L.P. (NYSE:NS) declared a quarterly dividend on Thursday, January 30th, American Banking News.com reports. Investors of record on Monday, February 10th will be given a dividend of 1.095 per share on Friday, February 14th. This represents a $4.38 dividend on an annualized basis and a yield of 9.03%.
A number of research firms have recently commented on NS. Analysts at Zacks reiterated a “neutral” rating on shares of NuStar Energy L.P. in a research note to investors on Thursday, December 12th. They now have a $52.00 price target on the stock. On a related note, analysts at MLV Capital initiated coverage on shares of NuStar Energy L.P. in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of NuStar Energy L.P. from $41.00 to $46.00 in a research note to investors on Wednesday, November 13th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.83.
NuStar Energy L.P. (NYSE:NS) traded up 0.46% during mid-day trading on Thursday, hitting $48.51. 162,920 shares of the company’s stock traded hands. NuStar Energy L.P. has a 52 week low of $36.15 and a 52 week high of $54.95. The stock has a 50-day moving average of $49.76 and a 200-day moving average of $45.04. The company has a market cap of $3.778 billion and a price-to-earnings ratio of 105.67.
NuStar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $780.00 million for the quarter, compared to the consensus estimate of $944.85 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 51.1% on a year-over-year basis. Analysts expect that NuStar Energy L.P. will post $1.09 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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