NuStar Energy L.P. (NYSE:NS) Short Interest Update

NuStar Energy L.P. (NYSE:NS) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 4,930,000 shares, a decrease of 7.7% from the September 30th total of 5,340,000 shares. Based on an average daily trading volume, of 491,400 shares, the days-to-cover ratio is presently 10.0 days. Approximately 5.1% of the company’s shares are short sold.

NYSE:NS traded down $0.12 during trading hours on Tuesday, hitting $28.20. 157,991 shares of the stock were exchanged, compared to its average volume of 451,582. The company’s 50 day moving average is $28.35 and its two-hundred day moving average is $27.73. NuStar Energy has a twelve month low of $19.81 and a twelve month high of $30.06. The company has a quick ratio of 0.24, a current ratio of 0.26 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $3.07 billion, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 16.04 and a beta of 1.56.

NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.18). NuStar Energy had a positive return on equity of 10.82% and a negative net margin of 10.42%. The firm had revenue of $378.06 million for the quarter, compared to analyst estimates of $397.50 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that NuStar Energy will post 1.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 8th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend was Thursday, November 7th. NuStar Energy’s dividend payout ratio (DPR) is currently 358.21%.

Several hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted 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 purchasing an additional 13,021,347 shares during the period. Alps Advisors Inc. lifted its stake in shares of NuStar Energy by 37.9% in the 3rd quarter. Alps Advisors Inc. now owns 11,812,243 shares of the pipeline company’s stock valued at $334,523,000 after purchasing an additional 3,244,972 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake in shares of 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 purchasing an additional 1,768,331 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of NuStar Energy by 151.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 777,587 shares of the pipeline company’s stock valued at $20,629,000 after purchasing an additional 468,940 shares during the period. Finally, Morgan Stanley lifted its stake in shares of NuStar Energy by 17.9% in the 2nd quarter. Morgan Stanley now owns 775,468 shares of the pipeline company’s stock valued at $21,046,000 after purchasing an additional 117,530 shares during the period. 65.54% of the stock is currently owned by institutional investors.

Several research firms have issued reports on NS. Mizuho began coverage on NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price objective on the stock. ValuEngine raised NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $28.60.

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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