Wall Street brokerages expect Nustar Energy L.P. (NYSE:NS) to report sales of $431.48 million for the current quarter, Zacks reports. Three analysts have provided estimates for Nustar Energy’s earnings, with estimates ranging from $426.17 million to $435.27 million. Nustar Energy posted sales of $471.76 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.
On average, analysts expect that Nustar Energy will report full-year sales of $431.48 million for the current year, with estimates ranging from $1.79 billion to $1.80 billion. For the next financial year, analysts expect that the company will post sales of $1.83 billion per share, with estimates ranging from $1.78 billion to $1.87 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Nustar Energy.
Nustar Energy (NYSE:NS) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). Nustar Energy had a net margin of 6.09% and a return on equity of 6.89%. The company had revenue of $440.60 million for the quarter, compared to the consensus estimate of $413.81 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Nustar Energy’s revenue for the quarter was down .2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of NS. The Manufacturers Life Insurance Company increased its stake in Nustar Energy 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 purchasing an additional 163 shares in the last quarter. Ffcm LLC grew its stake in Nustar Energy by 230.9% during the 2nd quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 1,683 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in Nustar Energy during the 3rd quarter valued at about $217,000. Chicago Partners Investment Group LLC grew its stake in Nustar Energy by 197.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,361 shares of the pipeline company’s stock valued at $218,000 after acquiring an additional 3,561 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Nustar Energy by 6.1% during the 2nd quarter. HighTower Advisors LLC now owns 4,893 shares of the pipeline company’s stock valued at $227,000 after acquiring an additional 282 shares in the last quarter. 57.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nustar Energy (NS) opened at $31.51 on Friday. Nustar Energy has a one year low of $26.21 and a one year high of $55.64. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77. The firm has a market cap of $2,930.00, a PE ratio of 82.92 and a beta of 1.27.
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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.
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