Brokerages Set NuStar Energy L.P. (NYSE:NS) PT at $17.75

Posted by Defense World Staff on Mar 9th, 2023

Shares of NuStar Energy L.P. (NYSE:NS – Get Rating) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.10.

A number of research firms have weighed in on NS. Stifel Nicolaus raised NuStar Energy from a “hold” rating to a “buy” rating and lowered their target price for the company from $20.00 to $19.50 in a report on Monday. JPMorgan Chase & Co. increased their target price on NuStar Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday. Mizuho increased their target price on NuStar Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Barclays lifted their price objective on NuStar Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, StockNews.com raised shares of NuStar Energy from a “hold” rating to a “buy” rating in a report on Thursday, February 2nd.

NuStar Energy Stock Performance

Shares of NYSE:NS opened at $16.22 on Monday. The company has a market cap of $1.80 billion, a P/E ratio of 45.06 and a beta of 1.87. The company has a debt-to-equity ratio of 22.56, a current ratio of 1.04 and a quick ratio of 0.96. NuStar Energy has a 1 year low of $12.80 and a 1 year high of $17.75. The stock’s fifty day moving average price is $16.57 and its 200-day moving average price is $15.85.

NuStar Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Wednesday, February 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.86%. NuStar Energy’s payout ratio is currently 444.46%.

Hedge Funds Weigh In On NuStar Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in NuStar Energy by 6.5% in the 1st quarter. Invesco Ltd. now owns 15,954,362 shares of the pipeline company’s stock worth $230,061,000 after buying an additional 975,659 shares during the period. Alps Advisors Inc. grew its position in NuStar Energy by 4.5% during the 4th quarter. Alps Advisors Inc. now owns 14,852,307 shares of the pipeline company’s stock worth $237,637,000 after purchasing an additional 643,843 shares during the period. Neuberger Berman Group LLC grew its position in NuStar Energy by 75.7% during the 4th quarter. Neuberger Berman Group LLC now owns 934,285 shares of the pipeline company’s stock worth $14,949,000 after purchasing an additional 402,416 shares during the period. Natixis boosted its stake in shares of NuStar Energy by 76.7% during the 2nd quarter. Natixis now owns 799,800 shares of the pipeline company’s stock worth $11,197,000 after acquiring an additional 347,200 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of NuStar Energy by 20.1% during the 1st quarter. UBS Group AG now owns 1,426,223 shares of the pipeline company’s stock worth $20,566,000 after acquiring an additional 239,046 shares in the last quarter. Institutional investors own 67.30% of the company’s stock.

About NuStar Energy

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NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.