Zacks: Analysts Expect Nustar Energy L.P. (NS) to Post $0.15 Earnings Per Share
Analysts forecast that Nustar Energy L.P. (NYSE:NS) will post earnings per share of $0.15 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Nustar Energy L.P.’s earnings, with estimates ranging from $0.14 to $0.17. Nustar Energy L.P. reported earnings of ($0.31) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 148.4%. The firm is expected to report its next earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Nustar Energy L.P. will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.83. For the next financial year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $0.94 to $1.34. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Nustar Energy L.P..
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). The firm had revenue of $440.60 million during the quarter, compared to analyst estimates of $413.81 million. Nustar Energy L.P. had a return on equity of 6.89% and a net margin of 6.09%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS.
Several research firms have recently weighed in on NS. Zacks Investment Research upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Barclays PLC lowered their price objective on shares of Nustar Energy L.P. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Wells Fargo & Company reiterated a “market perform” rating and issued a $37.00 price objective (down previously from $42.00) on shares of Nustar Energy L.P. in a research note on Thursday, November 9th. They noted that the move was a valuation call. Mizuho reiterated a “hold” rating and issued a $38.00 price objective on shares of Nustar Energy L.P. in a research note on Friday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $46.00 price objective on shares of Nustar Energy L.P. in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Nustar Energy L.P. currently has an average rating of “Hold” and an average price target of $42.56.
In other Nustar Energy L.P. news, Director William E. Greehey purchased 43,101 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average price of $38.69 per share, for a total transaction of $1,667,577.69. Following the purchase, the director now owns 3,497,763 shares of the company’s stock, valued at approximately $135,328,450.47. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Greehey purchased 6,899 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price 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 in the company, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NS. Alps Advisors Inc. boosted its holdings in shares of Nustar Energy L.P. by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock worth $260,680,000 after buying an additional 649,543 shares during the last quarter. Center Coast Capital Advisors LP boosted its holdings in shares of Nustar Energy L.P. by 12.3% in 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 buying an additional 509,808 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Nustar Energy L.P. by 213,865.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock worth $201,041,000 after buying an additional 4,309,393 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Nustar Energy L.P. by 15.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,734,332 shares of the pipeline company’s stock worth $174,132,000 after buying an additional 492,279 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Nustar Energy L.P. by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,760,994 shares of the pipeline company’s stock worth $70,863,000 after buying an additional 248,106 shares during the last quarter. 57.75% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Nustar Energy L.P. (NYSE:NS) traded down $0.96 during midday trading on Friday, hitting $30.11. 298,339 shares of the stock were exchanged, compared to its average volume of 467,576. The firm has a market cap of $2,800.00, a P/E ratio of 83.50 and a beta of 1.32. Nustar Energy L.P. has a 1 year low of $30.11 and a 1 year high of $55.64. 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 also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be paid a dividend of $1.095 per share. The ex-dividend date is Wednesday, November 8th. This represents a $4.38 dividend on an annualized basis and a yield of 14.55%. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 1,152.63%.
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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