NuStar Energy L.P. (NYSE:NS) – Investment analysts at US Capital Advisors boosted their Q2 2019 earnings per share estimates for shares of NuStar Energy in a note issued to investors on Wednesday, July 17th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.07 per share for the quarter, up from their previous forecast of $0.04. US Capital Advisors also issued estimates for NuStar Energy’s Q4 2019 earnings at $0.16 EPS, FY2020 earnings at $0.60 EPS and FY2021 earnings at $0.56 EPS.
NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Friday, May 10th. The pipeline company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $486.50 million during 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%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share.
Shares of NS opened at $28.19 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.70. NuStar Energy has a 12 month low of $19.81 and a 12 month high of $29.12. The firm has a 50 day simple moving average of $27.24. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 18.50 and a beta of 1.53.
In other news, Director William E. Greehey acquired 68,075 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of $28.38 per share, with a total value of $1,931,968.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc lifted its holdings in NuStar Energy by 277.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,110 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new stake in shares of NuStar Energy in the 1st quarter valued at about $193,000. Cetera Advisor Networks LLC lifted its holdings in shares of NuStar Energy by 6.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after purchasing an additional 613 shares during the last quarter. Seven Post Investment Office LP purchased a new stake in shares of NuStar Energy in the 1st quarter valued at about $207,000. Finally, Independent Advisor Alliance purchased a new stake in shares of NuStar Energy in the 1st quarter valued at about $223,000. 62.95% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Story: 52-Week High/Low
Receive News & Ratings for NuStar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy and related companies with MarketBeat.com's FREE daily email newsletter.