Wall Street brokerages expect NuStar Energy L.P. (NYSE:NS) to announce $1.09 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for NuStar Energy’s earnings, with the lowest EPS estimate coming in at $1.04 and the highest estimate coming in at $1.13. NuStar Energy posted earnings of $0.49 per share during the same quarter last year, which suggests a positive year over year growth rate of 122.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, April 23rd.
On average, analysts expect that NuStar Energy will report full year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.31 to $1.79. For the next financial year, analysts expect that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $0.78 to $1.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow NuStar Energy.
NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.17). The firm had revenue of $450.50 million during the quarter, compared to analysts’ expectations of $435.46 million. NuStar Energy had a net margin of 8.16% and a return on equity of 7.82%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS.
Shares of NuStar Energy (NS) traded up $0.91 during mid-day trading on Monday, reaching $21.13. The company’s stock had a trading volume of 1,100,527 shares, compared to its average volume of 791,959. The company has a quick ratio of 0.34, a current ratio of 0.38 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1,880.00, a price-to-earnings ratio of 30.19 and a beta of 1.45. NuStar Energy has a 12 month low of $19.67 and a 12 month high of $52.68.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Thursday, February 8th were issued a dividend of $1.095 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $4.38 annualized dividend and a dividend yield of 20.73%. NuStar Energy’s dividend payout ratio is presently 625.71%.
Several hedge funds and other institutional investors have recently bought and sold shares of NS. Alps Advisors Inc. increased its position in shares of NuStar Energy by 2.3% during the 4th quarter. Alps Advisors Inc. now owns 6,571,734 shares of the pipeline company’s stock worth $196,823,000 after purchasing an additional 149,468 shares during the last quarter. ING Groep NV increased its position in shares of NuStar Energy by 95.8% during the 3rd quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock worth $20,072,000 after purchasing an additional 242,000 shares during the last quarter. Bank of Montreal Can increased its position in shares of NuStar Energy by 25.7% during the 4th quarter. Bank of Montreal Can now owns 1,419,363 shares of the pipeline company’s stock worth $42,510,000 after purchasing an additional 290,324 shares during the last quarter. Center Coast Capital Advisors LP increased its position in shares of NuStar Energy by 12.3% during the 3rd quarter. Center Coast Capital Advisors LP now owns 4,657,451 shares of the pipeline company’s stock worth $189,046,000 after purchasing an additional 509,808 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of NuStar Energy by 4.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 897,517 shares of the pipeline company’s stock worth $36,430,000 after purchasing an additional 40,264 shares during the last quarter. Institutional investors and hedge funds own 60.11% of the company’s stock.
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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