NuStar Energy L.P. (NYSE:NS) shares saw strong trading volume on Friday . 1,074,342 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 436,026 shares.The stock last traded at $28.07 and had previously closed at $26.89.
NS has been the topic of a number of analyst reports. ValuEngine downgraded NuStar Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research downgraded NuStar Energy from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Mizuho initiated coverage on NuStar Energy in a research report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.60.
The company has a market capitalization of $2.90 billion, a P/E ratio of 49.80, a PEG ratio of 14.50 and a beta of 1.53. The company has a current ratio of 1.43, a quick ratio of 1.40 and a debt-to-equity ratio of 3.22. The stock has a 50 day moving average price of $27.47 and a 200 day moving average price of $27.28.
A number of institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its stake in shares of NuStar Energy by 15,258.6% in the 2nd quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock valued at $355,715,000 after buying an additional 13,021,347 shares during the period. OppenheimerFunds Inc. lifted its position in NuStar Energy by 3.9% in the 1st quarter. OppenheimerFunds Inc. now owns 13,036,961 shares of the pipeline company’s stock valued at $350,564,000 after acquiring an additional 488,260 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in NuStar Energy by 43.8% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock valued at $157,521,000 after acquiring an additional 1,768,331 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of NuStar Energy by 5.2% during the 1st quarter. Neuberger Berman Group LLC now owns 2,858,066 shares of the pipeline company’s stock worth $76,854,000 after buying an additional 140,519 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of NuStar Energy by 151.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock worth $20,629,000 after buying an additional 468,940 shares in the last quarter. Hedge funds and other institutional investors own 75.19% of the company’s stock.
About NuStar Energy (NYSE:NS)
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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