Zacks: Brokerages Expect NuStar Energy L.P. (NS) Will Post Earnings of $0.14 Per Share

Brokerages predict that NuStar Energy L.P. (NYSE:NS) will post earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NuStar Energy’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.33. NuStar Energy posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that NuStar Energy will report full-year earnings of $1.91 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.02 per share, with EPS estimates ranging from ($0.09) to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover NuStar Energy.

NuStar Energy (NYSE:NS) last released its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). NuStar Energy had a net margin of 11.83% and a return on equity of 11.32%. The firm had revenue of $486.20 million for the quarter, compared to analyst estimates of $479.32 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year.

Several research firms have weighed in on NS. Barclays upped their price objective on shares of NuStar Energy from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. ValuEngine lowered shares of NuStar Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus upped their price objective on shares of NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of NuStar Energy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 24th. Finally, Citigroup upped their price objective on shares of NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. NuStar Energy currently has a consensus rating of “Hold” and an average price target of $28.00.

NuStar Energy stock opened at $27.95 on Friday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 43.67 and a beta of 1.71. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.99. NuStar Energy has a twelve month low of $19.22 and a twelve month high of $41.00.

A number of hedge funds have recently bought and sold shares of the business. Green Square Capital LLC grew its position in NuStar Energy by 6.5% in the second quarter. Green Square Capital LLC now owns 41,115 shares of the pipeline company’s stock worth $931,000 after acquiring an additional 2,527 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of NuStar Energy by 17.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,050 shares of the pipeline company’s stock worth $499,000 after buying an additional 3,355 shares during the period. Raymond James & Associates boosted its holdings in shares of NuStar Energy by 11.4% during the 2nd quarter. Raymond James & Associates now owns 32,931 shares of the pipeline company’s stock worth $746,000 after buying an additional 3,381 shares during the period. California Public Employees Retirement System boosted its holdings in shares of NuStar Energy by 2.7% during the 1st quarter. California Public Employees Retirement System now owns 153,466 shares of the pipeline company’s stock worth $3,129,000 after buying an additional 4,086 shares during the period. Finally, Kovack Advisors Inc. boosted its holdings in shares of NuStar Energy by 74.0% during the 1st quarter. Kovack Advisors Inc. now owns 11,974 shares of the pipeline company’s stock worth $244,000 after buying an additional 5,094 shares during the period. 46.52% of the stock is owned by institutional investors.

About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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