Insider Buying: NuStar Energy L.P. Director Purchases 85,000 Shares of Stock (NS)
NuStar Energy L.P. (NYSE:NS) Director William E. Greehey acquired 85,000 shares of NuStar Energy L.P. stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $57.70 per share, with a total value of $4,904,500.00. Following the completion of the purchase, the director now directly owns 2,469,613 shares in the company, valued at approximately $142,496,670. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NuStar Energy L.P. (NYSE:NS) traded up 0.34% during mid-day trading on Monday, hitting $58.22. 213,082 shares of the company’s stock traded hands. NuStar Energy L.P. has a 1-year low of $36.15 and a 1-year high of $59.45. The stock has a 50-day moving average of $57.3 and a 200-day moving average of $52.63. The company’s market cap is $4.535 billion.
NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $849.20 million for the quarter, compared to the consensus estimate of $830.24 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 14.9% on a year-over-year basis. Analysts expect that NuStar Energy L.P. will post $1.98 EPS for the current fiscal year.
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 on Wednesday, May 14th. They now have a $61.00 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of NuStar Energy L.P. from $55.00 to $59.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. Finally, analysts at TheStreet upgraded shares of NuStar Energy L.P. from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.75.
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 petroleum refining and marketing.
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