$0.27 EPS Expected for Nustar Energy L.P. (NS) This Quarter
Wall Street analysts forecast that Nustar Energy L.P. (NYSE:NS) will announce earnings per share of $0.27 for the current quarter, according to Zacks. Two analysts have provided estimates for Nustar Energy L.P.’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.19. Nustar Energy L.P. posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.9%. The firm is expected to announce its next earnings results before the market opens on Tuesday, November 7th.
On average, analysts expect that Nustar Energy L.P. will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.29. For the next year, analysts anticipate that the business will report earnings of $1.39 per share, with EPS estimates ranging from $0.98 to $2.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last posted its earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. During the same period last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Zacks Investment Research raised Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub lowered Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 price target on shares of Nustar Energy L.P. in a research note on Friday, June 30th. Finally, UBS AG reaffirmed a “buy” rating and set a $53.00 price target (down from $56.00) on shares of Nustar Energy L.P. in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Nustar Energy L.P. has a consensus rating of “Hold” and a consensus target price of $47.33.
In other Nustar Energy L.P. news, Director William E. Greehey bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $41.86 per share, with a total value of $2,093,000.00. Following the completion of the transaction, the director now directly owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jesse D. Bates bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of $43.34 per share, with a total value of $43,340.00. Following the transaction, the director now owns 7,818 shares of the company’s stock, valued at $338,832.12. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 101,000 shares of company stock valued at $4,070,288. Corporate insiders own 4.10% of the company’s stock.
Several institutional investors have recently modified their holdings of NS. The Manufacturers Life Insurance Company boosted its position in shares of Nustar Energy L.P. by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock worth $112,000 after buying an additional 163 shares during the period. Ffcm LLC boosted its position in shares of Nustar Energy L.P. by 230.9% in the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares during the period. Botty Investors LLC acquired a new stake in shares of Nustar Energy L.P. in the second quarter worth $127,000. Winslow Evans & Crocker Inc. boosted its position in shares of Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares during the period. 56.68% of the stock is owned by institutional investors and hedge funds.
Nustar Energy L.P. (NS) traded down 2.82% on Friday, hitting $34.77. 491,840 shares of the company were exchanged. The stock has a market capitalization of $3.23 billion, a P/E ratio of 47.76 and a beta of 1.40. The stock’s 50-day moving average price is $39.73 and its 200-day moving average price is $43.83. Nustar Energy L.P. has a 52-week low of $34.56 and a 52-week high of $55.64.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Thursday, November 9th will be paid a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 12.60%. The ex-dividend date of this dividend is Wednesday, November 8th. Nustar Energy L.P.’s dividend payout ratio is presently 608.33%.
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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