Research Analysts Offer Predictions for NuStar Energy L.P.’s FY2023 Earnings (NYSE:NS)

Posted by on Jun 26th, 2023

NuStar Energy L.P. (NYSE:NS – Get Rating) – Equities researchers at Zacks Research reduced their FY2023 EPS estimates for shares of NuStar Energy in a research note issued on Wednesday, June 21st. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings of $0.86 per share for the year, down from their previous forecast of $0.88. The consensus estimate for NuStar Energy’s current full-year earnings is $1.08 per share. Zacks Research also issued estimates for NuStar Energy’s Q2 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.86 EPS and Q1 2025 earnings at $0.18 EPS.

NuStar Energy (NYSE:NS – Get Rating) last issued its earnings results on Thursday, May 4th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. NuStar Energy had a net margin of 18.98% and a return on equity of 151.56%. The business had revenue of $393.87 million during the quarter, compared to analysts’ expectations of $374.40 million.

Several other equities research analysts also recently weighed in on the stock. StockNews.com upgraded shares of NuStar Energy from a “buy” rating to a “strong-buy” rating in a research note on Friday. Raymond James upgraded NuStar Energy from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Thursday, April 20th. TheStreet raised NuStar Energy from a “c+” rating to a “b” rating in a report on Tuesday, May 30th. Barclays lowered their price objective on shares of NuStar Energy from $19.00 to $18.00 in a research report on Tuesday, April 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NuStar Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NuStar Energy presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

NuStar Energy Trading Down 2.0 %

NYSE:NS opened at $16.79 on Monday. The company has a market capitalization of $1.86 billion, a PE ratio of 14.11 and a beta of 1.84. NuStar Energy has a 52-week low of $12.80 and a 52-week high of $17.75. The stock’s 50 day moving average price is $16.40 and its 200 day moving average price is $16.18. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 17.71.

NuStar Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Monday, May 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend was Friday, May 5th. NuStar Energy’s dividend payout ratio (DPR) is presently 134.45%.

Institutional Trading of NuStar Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its holdings in NuStar Energy by 6.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,661 shares of the pipeline company’s stock valued at $183,000 after acquiring an additional 764 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of NuStar Energy by 7.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 14,610 shares of the pipeline company’s stock worth $234,000 after purchasing an additional 1,001 shares during the last quarter. SG Americas Securities LLC grew its stake in NuStar Energy by 2.8% in the first quarter. SG Americas Securities LLC now owns 44,890 shares of the pipeline company’s stock worth $702,000 after purchasing an additional 1,213 shares in the last quarter. LPL Financial LLC increased its holdings in NuStar Energy by 1.0% in the second quarter. LPL Financial LLC now owns 126,881 shares of the pipeline company’s stock valued at $1,776,000 after buying an additional 1,220 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in NuStar Energy by 9.9% during the third quarter. Brown Advisory Inc. now owns 15,468 shares of the pipeline company’s stock valued at $209,000 after buying an additional 1,388 shares in the last quarter. Institutional investors and hedge funds own 55.89% of the company’s stock.

About NuStar Energy

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NuStar Energy L.P. engages in the transportation terminalling and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.

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Earnings History and Estimates for NuStar Energy (NYSE:NS)

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