Wall Street analysts expect NuStar Energy L.P. (NYSE:NS) to post earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NuStar Energy’s earnings, with estimates ranging from $0.15 to $0.52. NuStar Energy posted earnings per share of $0.08 during the same quarter last year, which indicates a positive year over year growth rate of 312.5%. The firm is scheduled to issue its next earnings results on Thursday, November 4th.
On average, analysts expect that NuStar Energy will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $0.70 to $1.89. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $0.67 to $2.09. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for NuStar Energy.
NuStar Energy (NYSE:NS) last issued its earnings results on Thursday, August 5th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). The business had revenue of $427.09 million during the quarter, compared to analyst estimates of $375.28 million. NuStar Energy had a net margin of 1.60% and a return on equity of 42.65%. NuStar Energy’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS.
Several hedge funds and other institutional investors have recently modified their holdings of NS. Tortoise Capital Advisors L.L.C. raised its stake in NuStar Energy by 10,218.7% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,811,848 shares of the pipeline company’s stock worth $133,505,000 after acquiring an additional 7,736,142 shares in the last quarter. Blackstone Group Inc. raised its stake in NuStar Energy by 46.7% during the first quarter. Blackstone Group Inc. now owns 5,334,749 shares of the pipeline company’s stock worth $91,171,000 after acquiring an additional 1,698,844 shares in the last quarter. Alps Advisors Inc. raised its stake in NuStar Energy by 6.6% during the first quarter. Alps Advisors Inc. now owns 13,265,805 shares of the pipeline company’s stock worth $226,713,000 after acquiring an additional 817,689 shares in the last quarter. Zimmer Partners LP raised its stake in NuStar Energy by 58.1% during the second quarter. Zimmer Partners LP now owns 1,162,202 shares of the pipeline company’s stock worth $20,978,000 after acquiring an additional 427,205 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in NuStar Energy by 73.4% during the second quarter. Deutsche Bank AG now owns 856,780 shares of the pipeline company’s stock worth $15,465,000 after acquiring an additional 362,804 shares in the last quarter. Institutional investors and hedge funds own 57.83% of the company’s stock.
Shares of NS traded down $0.30 during trading hours on Friday, reaching $15.34. The company’s stock had a trading volume of 2,970 shares, compared to its average volume of 530,477. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -14.09 and a beta of 2.61. NuStar Energy has a 1-year low of $9.47 and a 1-year high of $20.73. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 8.11. The company has a 50 day moving average of $16.51 and a two-hundred day moving average of $17.77.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Friday, August 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.43%. NuStar Energy’s payout ratio is 280.70%.
NuStar Energy Company Profile
NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.
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