NuStar GP (NYSE:NSH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, February 17th.
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “
A number of other research analysts have also recently issued reports on NSH. Citigroup cut shares of NuStar GP from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Mizuho restated a “hold” rating and set a $21.00 price target on shares of NuStar GP in a report on Friday, November 10th. B. Riley assumed coverage on shares of NuStar GP in a research note on Friday, January 26th. They issued a “buy” rating and a $20.00 target price on the stock. ValuEngine lowered shares of NuStar GP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Barclays lowered their price target on shares of NuStar GP from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.38.
NuStar GP (NYSE:NSH) traded down $0.10 during midday trading on Friday, hitting $11.60. 263,273 shares of the company traded hands, compared to its average volume of 411,931. NuStar GP has a twelve month low of $10.40 and a twelve month high of $29.10. The firm has a market cap of $506.83, a price-to-earnings ratio of 5.63 and a beta of 1.29.
NuStar GP (NYSE:NSH) last issued its quarterly earnings results on Thursday, February 8th. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). NuStar GP had a return on equity of 23.82% and a net margin of 168.31%. The business had revenue of $10.30 million for the quarter, compared to analyst estimates of $12.68 million. equities research analysts forecast that NuStar GP will post 1.42 EPS for the current year.
Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA purchased a new stake in shares of NuStar GP during the 3rd quarter valued at about $103,000. Covenant Multifamily Offices LLC purchased a new position in NuStar GP during the fourth quarter valued at approximately $131,000. Raymond James & Associates purchased a new position in NuStar GP during the fourth quarter valued at approximately $168,000. Alliancebernstein L.P. lifted its holdings in NuStar GP by 5.9% during the second quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in NuStar GP during the second quarter valued at approximately $237,000. Institutional investors own 53.52% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Lowers NuStar GP (NSH) to Hold” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/03/14/nustar-gp-nsh-cut-to-hold-at-zacks-investment-research-2.html.
NuStar GP Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NuStar GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar GP and related companies with MarketBeat.com's FREE daily email newsletter.