NuStar Energy (NS) Given New $27.00 Price Target at JPMorgan Chase & Co.

NuStar Energy (NYSE:NS) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $34.00 to $27.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the pipeline company’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.00% from the company’s current price.

Several other analysts also recently commented on NS. Stifel Nicolaus set a $26.00 target price on shares of NuStar Energy and gave the stock a “hold” rating in a report on Friday. Mizuho set a $30.00 target price on shares of NuStar Energy and gave the stock a “hold” rating in a report on Friday. Citigroup reduced their target price on shares of NuStar Energy from $33.00 to $27.00 and set a “neutral” rating for the company in a report on Friday. B. Riley set a $31.00 target price on shares of NuStar Energy and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.60.

NuStar Energy (NS) traded up $0.78 during trading on Tuesday, hitting $24.77. 328,248 shares of the stock traded hands, compared to its average volume of 731,298. The firm has a market cap of $2,263.39, a price-to-earnings ratio of 35.71 and a beta of 1.19. NuStar Energy has a one year low of $22.79 and a one year high of $54.66. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of 1.77.

NuStar Energy (NYSE:NS) last announced its earnings results on Thursday, February 8th. The pipeline company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.17). The company had revenue of $450.50 million for the quarter, compared to the consensus estimate of $435.46 million. NuStar Energy had a return on equity of 8.72% and a net margin of 8.16%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. sell-side analysts anticipate that NuStar Energy will post 1.33 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of NS. Ameriprise Financial Inc. raised its position in shares of NuStar Energy by 42.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,282 shares of the pipeline company’s stock valued at $806,000 after buying an additional 5,131 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new position in shares of NuStar Energy in the 3rd quarter valued at approximately $765,000. ING Groep NV raised its position in shares of NuStar Energy by 95.8% in the 3rd quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock valued at $20,072,000 after buying an additional 242,000 shares in the last quarter. Adams Asset Advisors LLC raised its position in shares of NuStar Energy by 4.4% in the 3rd quarter. Adams Asset Advisors LLC now owns 154,910 shares of the pipeline company’s stock valued at $6,287,000 after buying an additional 6,507 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of NuStar Energy by 25.7% in the 4th quarter. Bank of Montreal Can now owns 1,419,363 shares of the pipeline company’s stock valued at $42,510,000 after buying an additional 290,324 shares in the last quarter. 57.53% of the stock is owned by hedge funds and other institutional investors.

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NuStar Energy 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.

Analyst Recommendations for NuStar Energy (NYSE:NS)

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