NuStar Energy L.P. Declares None Dividend of $0.21 (NYSE:NS)

NuStar Energy L.P. (NYSE:NS) declared a None dividend on Monday, April 15th, NASDAQ reports. Investors of record on Friday, April 26th will be paid a dividend of 0.212 per share by the pipeline company on Thursday, May 2nd. The ex-dividend date is Thursday, April 25th.

NuStar Energy has decreased its dividend by an average of 3.9% annually over the last three years. NuStar Energy has a dividend payout ratio of 103.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NuStar Energy to earn $1.21 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 132.2%.

NuStar Energy Stock Up 0.8 %

NS stock opened at $22.29 on Tuesday. NuStar Energy has a fifty-two week low of $14.70 and a fifty-two week high of $24.50. The business’s 50 day moving average price is $23.09 and its two-hundred day moving average price is $20.28. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.76 and a current ratio of 0.85. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 31.39 and a beta of 1.70.

NuStar Energy (NYSE:NS) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The firm had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that NuStar Energy will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NS shares. Wells Fargo & Company upgraded NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $18.00 to $21.00 in a report on Tuesday, January 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price (up previously from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. StockNews.com assumed coverage on NuStar Energy in a research report on Sunday. They issued a “buy” rating on the stock. Raymond James reissued a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $19.00 price target on shares of NuStar Energy in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.33.

NuStar Energy Company Profile

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 three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.