Barclays Trims NuStar GP (NSH) Target Price to $12.00

NuStar GP (NYSE:NSH) had its target price lowered by Barclays from $15.00 to $12.00 in a research note issued to investors on Tuesday morning. The brokerage currently has an equal weight rating on the pipeline company’s stock.

A number of other equities research analysts have also commented on NSH. Mizuho reaffirmed a hold rating and set a $13.00 price target on shares of NuStar GP in a research report on Wednesday, April 11th. Citigroup lowered NuStar GP from a buy rating to a neutral rating in a research report on Friday, February 2nd. ValuEngine lowered NuStar GP from a hold rating to a sell rating in a research report on Monday, April 2nd. B. Riley assumed coverage on NuStar GP in a research report on Friday, January 26th. They set a buy rating and a $20.00 price target on the stock. Finally, Zacks Investment Research lowered NuStar GP from a buy rating to a hold rating in a research report on Saturday, February 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $18.13.

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NYSE:NSH opened at $11.80 on Tuesday. NuStar GP has a 1-year low of $10.40 and a 1-year high of $28.20. The stock has a market capitalization of $521.88, a price-to-earnings ratio of 5.87 and a beta of 1.24.

NuStar GP (NYSE:NSH) last released its earnings results on Thursday, February 8th. The pipeline company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). NuStar GP had a net margin of 168.31% and a return on equity of 23.82%. The company had revenue of $10.30 million during the quarter, compared to analyst estimates of $12.68 million. equities research analysts expect that NuStar GP will post 0.19 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Center Coast Capital Advisors LP grew its holdings in shares of NuStar GP by 101.2% during the fourth quarter. Center Coast Capital Advisors LP now owns 2,366,294 shares of the pipeline company’s stock worth $37,151,000 after buying an additional 1,190,451 shares in the last quarter. Brookfield Asset Management Inc. grew its holdings in shares of NuStar GP by 1,116.1% during the fourth quarter. Brookfield Asset Management Inc. now owns 1,237,980 shares of the pipeline company’s stock worth $19,436,000 after buying an additional 1,136,180 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in shares of NuStar GP by 14.1% during the third quarter. Atlantic Trust Group LLC now owns 1,213,910 shares of the pipeline company’s stock worth $26,706,000 after buying an additional 150,000 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of NuStar GP by 38.1% during the fourth quarter. Catalyst Capital Advisors LLC now owns 767,007 shares of the pipeline company’s stock worth $12,042,000 after buying an additional 211,794 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of NuStar GP by 293.2% during the fourth quarter. Deutsche Bank AG now owns 279,049 shares of the pipeline company’s stock worth $4,381,000 after buying an additional 208,084 shares in the last quarter. 53.52% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for NuStar GP (NYSE:NSH)

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