US Capital Advisors Downgrades Nustar Energy (NS) to Hold

Nustar Energy (NYSE:NS) was downgraded by stock analysts at US Capital Advisors to a “hold” rating in a research note issued on Thursday, The Fly reports.

Several other equities analysts have also commented on NS. ValuEngine lowered shares of Nustar Energy from a “hold” rating to a “sell” rating in a report on Sunday. Zacks Investment Research lowered shares of Nustar Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. B. Riley set a $31.00 target price on shares of Nustar Energy and gave the stock a “neutral” rating in a report on Monday, December 18th. Wells Fargo & Co reiterated a “market perform” rating and set a $37.00 target price (down from $42.00) on shares of Nustar Energy in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $32.00 target price on shares of Nustar Energy and gave the stock a “hold” rating in a report on Sunday, December 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.33.

Nustar Energy (NYSE:NS) traded up $1.02 during trading hours on Thursday, reaching $31.03. 646,100 shares of the company’s stock traded hands, compared to its average volume of 512,500. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.77. The firm has a market cap of $2,870.00, a price-to-earnings ratio of 81.66 and a beta of 1.27. Nustar Energy has a 12 month low of $26.21 and a 12 month high of $55.64.

Nustar Energy (NYSE:NS) last posted its earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.12). Nustar Energy had a net margin of 6.09% and a return on equity of 6.89%. The firm had revenue of $440.60 million during the quarter, compared to analyst estimates of $413.81 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts anticipate that Nustar Energy will post 0.84 EPS for the current year.

Several large investors have recently made changes to their positions in NS. Alps Advisors Inc. raised its holdings in shares of Nustar Energy by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock valued at $260,680,000 after purchasing an additional 649,543 shares in the last quarter. Center Coast Capital Advisors LP increased its stake in Nustar Energy by 12.3% during the third quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock valued at $189,046,000 after purchasing an additional 509,808 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Nustar Energy by 2.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 4,395,490 shares of the pipeline company’s stock valued at $178,413,000 after purchasing an additional 84,082 shares during the last quarter. Harvest Fund Advisors LLC increased its stake in Nustar Energy by 33.1% during the second quarter. Harvest Fund Advisors LLC now owns 3,757,599 shares of the pipeline company’s stock valued at $187,128,000 after purchasing an additional 933,919 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Nustar Energy by 15.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,734,332 shares of the pipeline company’s stock worth $174,132,000 after acquiring an additional 492,279 shares during the last quarter. 57.57% of the stock is currently owned by institutional investors.

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About Nustar Energy

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.