Zacks: Analysts Anticipate Nustar Energy L.P. (NS) Will Announce Quarterly Sales of $378.74 Million
Wall Street brokerages expect that Nustar Energy L.P. (NYSE:NS) will report $378.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided 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. posted sales of $441.42 million during the same quarter last year, which suggests a negative year over year growth rate of 14.2%. The company is expected to report its next earnings results before the market opens on Tuesday, November 7th.
According to Zacks, analysts expect that Nustar Energy L.P. will report full-year sales of $378.74 million for the current fiscal year, with estimates ranging from $1.60 billion to $1.76 billion. For the next year, analysts anticipate that the company will report 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 sell-side research firms that follow Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last issued its earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.28). The business had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share.
A number of equities research analysts recently weighed in on NS shares. UBS AG reissued 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. Stifel Nicolaus reissued a “hold” rating and set a $42.00 price target on shares of Nustar Energy L.P. in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Mizuho reissued a “hold” rating and set a $47.00 price target on shares of Nustar Energy L.P. in a research note on Friday. Finally, Wells Fargo & Company downgraded shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.33.
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Shares of Nustar Energy L.P. (NYSE NS) opened at 33.60 on Tuesday. The company’s 50-day moving average is $39.54 and its 200-day moving average is $43.59. Nustar Energy L.P. has a one year low of $33.35 and a one year high of $55.64. The company has a market capitalization of $3.13 billion, a PE ratio of 46.15 and a beta of 1.40.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be paid a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 13.04%. The ex-dividend date is Wednesday, November 8th. Nustar Energy L.P.’s payout ratio is presently 608.33%.
In other news, Director Jesse D. Bates bought 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the purchase, the director now owns 7,818 shares of the company’s stock, valued at $338,832.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Greehey bought 6,899 shares of the stock in a transaction on Wednesday, August 23rd. The stock was purchased 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 approximately $133,384,499.82. The disclosure for this purchase can be found here. Insiders acquired 101,000 shares of company stock valued at $4,070,288 in the last ninety days. Insiders own 4.10% of the company’s stock.
A number of large investors have recently modified their holdings of NS. Tortoise Capital Advisors L.L.C. increased its stake in Nustar Energy L.P. by 213,865.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock valued at $201,041,000 after purchasing an additional 4,309,393 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Nustar Energy L.P. by 25.9% in the second quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock valued at $269,182,000 after buying an additional 1,188,735 shares during the period. Eagle Global Advisors LLC boosted its holdings in shares of Nustar Energy L.P. by 15,930.4% in the second quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock valued at $48,662,000 after buying an additional 1,037,070 shares during the period. Bank of Montreal Can boosted its holdings in shares of Nustar Energy L.P. by 281.7% in the second quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock valued at $47,524,000 after buying an additional 752,185 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Nustar Energy L.P. by 29.1% in the first quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock valued at $123,217,000 after buying an additional 534,570 shares during the period. 56.82% of the stock is owned by hedge funds and other institutional investors.
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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