NuStar Energy L.P. (NYSE:NS) – Stock analysts at US Capital Advisors decreased their Q2 2019 earnings estimates for NuStar Energy in a report released on Friday, May 24th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.04 per share for the quarter, down from their prior estimate of $0.06. US Capital Advisors also issued estimates for NuStar Energy’s Q4 2019 earnings at $0.08 EPS and FY2021 earnings at $0.33 EPS.
NuStar Energy (NYSE:NS) last released its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The company had revenue of $486.50 million for the quarter, compared to analyst estimates of $542.91 million. NuStar Energy had a negative net margin of 10.05% and a positive return on equity of 27.72%. NuStar Energy’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS.
NS stock opened at $27.22 on Monday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 20.49 and a beta of 1.76. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63. NuStar Energy has a 52-week low of $19.81 and a 52-week high of $29.12.
Several institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its position in shares of NuStar Energy by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,200 shares of the pipeline company’s stock worth $731,000 after buying an additional 400 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of NuStar Energy by 6.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock worth $201,000 after buying an additional 613 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of NuStar Energy by 751.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,133 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of NuStar Energy by 1.6% during the 4th quarter. Hsbc Holdings PLC now owns 70,979 shares of the pipeline company’s stock worth $1,485,000 after buying an additional 1,109 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of NuStar Energy by 3.5% during the 1st quarter. SG Americas Securities LLC now owns 37,644 shares of the pipeline company’s stock worth $1,012,000 after buying an additional 1,275 shares in the last quarter. 62.41% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William E. Greehey bought 68,075 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $28.38 per share, with a total value of $1,931,968.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 8.90% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Wednesday, May 8th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $2.40 annualized dividend and a dividend yield of 8.82%. NuStar Energy’s dividend payout ratio is currently 358.21%.
NuStar Energy Company Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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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