Nustar Energy L.P. (NS) Expected to Post Earnings of $0.31 Per Share
Equities research analysts expect that Nustar Energy L.P. (NYSE:NS) will report earnings per share of $0.31 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Nustar Energy L.P.’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.25. Nustar Energy L.P. reported earnings of $0.49 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 36.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Nustar Energy L.P. will report full year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.08 to $1.29. For the next financial year, analysts forecast that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.13 to $2.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last announced its earnings results on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.28). Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The company had revenue of $435.49 million for the quarter, compared to analysts’ expectations of $500.83 million. During the same period in the prior year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis.
Several research firms have recently issued reports on NS. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. UBS AG restated a “buy” rating and issued a $53.00 price target (down from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. ValuEngine lowered Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Finally, Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.00.
In related news, Director Jesse D. Bates bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the transaction, the director now owns 7,818 shares in the company, valued at $338,832.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Greehey bought 43,101 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average cost of $38.69 per share, for a total transaction of $1,667,577.69. Following the transaction, the director now owns 3,497,763 shares of the company’s stock, valued at approximately $135,328,450.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 102,000 shares of company stock worth $4,113,098. Corporate insiders own 4.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NS. US Bancorp DE increased its position in shares of Nustar Energy L.P. by 98.9% in the first quarter. US Bancorp DE now owns 9,250 shares of the pipeline company’s stock valued at $481,000 after acquiring an additional 4,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nustar Energy L.P. by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 1,369,575 shares of the pipeline company’s stock valued at $71,190,000 after acquiring an additional 30,447 shares during the last quarter. Stifel Financial Corp increased its position in shares of Nustar Energy L.P. by 22.1% in the first quarter. Stifel Financial Corp now owns 21,124 shares of the pipeline company’s stock valued at $1,097,000 after acquiring an additional 3,829 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Nustar Energy L.P. by 2.6% in the first quarter. SG Americas Securities LLC now owns 55,060 shares of the pipeline company’s stock valued at $2,862,000 after acquiring an additional 1,418 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in shares of Nustar Energy L.P. in the first quarter valued at about $869,000. 56.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nustar Energy L.P. (NS) opened at 41.53 on Friday. The stock’s 50 day moving average price is $40.62 and its 200 day moving average price is $46.07. The stock has a market capitalization of $3.86 billion, a P/E ratio of 57.05 and a beta of 1.40. Nustar Energy L.P. has a one year low of $37.30 and a one year high of $55.64.
About Nustar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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