JPMorgan Chase & Co. Reiterates Overweight Rating for NuStar Energy L.P. (NS)
NuStar Energy L.P. (NYSE:NS)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $68.00 target price on the stock, up from their previous target price of $60.00. JPMorgan Chase & Co.’s target price points to a potential upside of 16.40% from the stock’s previous close.
NuStar Energy L.P. (NYSE:NS) traded up 0.34% during mid-day trading on Wednesday, hitting $58.62. The stock had a trading volume of 244,762 shares. NuStar Energy L.P. has a 1-year low of $36.15 and a 1-year high of $59.45. The stock’s 50-day moving average is $57.66 and its 200-day moving average is $52.90. The company’s market cap is $4.566 billion.
NuStar Energy L.P. (NYSE:NS) last announced its 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.
Other equities research analysts have also recently issued reports about the stock. 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 given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $58.75.
In other NuStar Energy L.P. news, Director William E. Greehey bought 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. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
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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