Wall Street analysts expect NuStar Energy L.P. (NYSE:NS) to announce sales of $502.95 million for the current quarter, Zacks reports. Two analysts have provided estimates for NuStar Energy’s earnings. The highest sales estimate is $509.13 million and the lowest is $496.77 million. NuStar Energy posted sales of $486.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The firm is expected to report its next earnings report before the market opens on Thursday, August 8th.
On average, analysts expect that NuStar Energy will report full-year sales of $1.98 billion for the current fiscal year, with estimates ranging from $1.96 billion to $2.01 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.00 billion, with estimates ranging from $1.84 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow NuStar Energy.
NuStar Energy (NYSE:NS) last announced its quarterly earnings data 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 firm had revenue of $486.50 million for the quarter, compared to analyst estimates of $542.91 million. NuStar Energy had a positive return on equity of 27.72% and a negative net margin of 10.05%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share.
In other news, Director William E. Greehey acquired 68,075 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $28.38 per share, for a total transaction of $1,931,968.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NS. Covenant Multifamily Offices LLC purchased a new stake in shares of NuStar Energy in the first quarter worth $193,000. Cetera Advisor Networks LLC raised its stake in NuStar Energy by 6.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after buying an additional 613 shares in the last quarter. Seven Post Investment Office LP acquired a new stake in NuStar Energy in the first quarter valued at $207,000. Independent Advisor Alliance acquired a new stake in NuStar Energy in the first quarter valued at $223,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in NuStar Energy in the first quarter valued at $251,000. 62.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NuStar Energy stock traded down $0.10 during midday trading on Friday, reaching $28.41. 357,830 shares of the company’s stock traded hands, compared to its average volume of 375,612. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market capitalization of $3.06 billion, a P/E ratio of 42.40, a PEG ratio of 18.63 and a beta of 1.53. The company’s 50 day moving average is $27.04. NuStar Energy has a 12 month low of $19.81 and a 12 month high of $29.12.
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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