Brokerages expect Nustar Energy L.P. (NYSE:NS) to post $378.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Nustar Energy L.P.’s earnings. The highest sales estimate is $422.13 million and the lowest is $335.36 million. Nustar Energy L.P. reported sales of $441.42 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Nustar Energy L.P. will report full-year sales of $378.74 million for the current financial year, with estimates ranging from $1.60 billion to $1.76 billion. For the next fiscal year, analysts expect that the business will post sales of $1.63 billion per share, with estimates ranging from $1.48 billion to $1.77 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Nustar Energy L.P..

Nustar Energy L.P. (NYSE:NS) last announced its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.28). Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis.

Several research firms recently commented on NS. Stifel Nicolaus reissued a “hold” rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. BidaskClub downgraded Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, UBS AG reissued a “buy” rating and issued a $53.00 price objective (down from $56.00) on shares of Nustar Energy L.P. in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.00.

In related news, Director William E. Greehey bought 6,899 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $38.61 per share, with a total value of $266,370.39. Following the purchase, the director now directly owns 3,454,662 shares of the company’s stock, valued at $133,384,499.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jesse D. Bates bought 1,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average cost of $42.81 per share, with a total value of $42,810.00. Following the completion of the purchase, the director now directly owns 7,818 shares in the company, valued at $334,688.58. The disclosure for this purchase can be found here. Insiders acquired a total of 102,000 shares of company stock valued at $4,113,098 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Nustar Energy L.P. by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after acquiring an additional 163 shares during the last quarter. Ffcm LLC increased its position in shares of Nustar Energy L.P. by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after purchasing an additional 1,683 shares during the last quarter. Botty Investors LLC acquired a new stake in shares of Nustar Energy L.P. during the 2nd quarter worth about $127,000. Winslow Evans & Crocker Inc. increased its position in shares of Nustar Energy L.P. by 708.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after purchasing an additional 2,832 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Nustar Energy L.P. by 210.2% during the 2nd quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 2,451 shares during the last quarter. 56.73% of the stock is owned by institutional investors and hedge funds.

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Shares of Nustar Energy L.P. (NYSE NS) opened at 40.66 on Friday. The company has a market cap of $3.78 billion, a PE ratio of 55.85 and a beta of 1.40. The company has a 50-day moving average of $40.48 and a 200 day moving average of $45.99. Nustar Energy L.P. has a 12 month low of $37.30 and a 12 month high of $55.64.

Nustar Energy L.P. Company Profile

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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Earnings History and Estimates for Nustar Energy L.P. (NYSE:NS)

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