NuStar Energy L.P. (NYSE:NS) announced a quarterly dividend on Monday, October 29th, NASDAQ reports. Investors of record on Thursday, November 8th will be paid a dividend of 0.60 per share by the pipeline company on Wednesday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date is Wednesday, November 7th.
NuStar Energy has a payout ratio of 125.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NuStar Energy to earn $1.02 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 235.3%.
Shares of NYSE NS opened at $23.45 on Tuesday. NuStar Energy has a 1 year low of $19.22 and a 1 year high of $35.91. The company has a market cap of $2.53 billion, a P/E ratio of 36.64 and a beta of 1.71. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.99.
A number of equities analysts have recently commented on NS shares. Stifel Nicolaus raised their target price on shares of NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. raised their target price on shares of NuStar Energy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 24th. Barclays raised their target price on shares of NuStar Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded shares of NuStar Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, US Capital Advisors reissued a “hold” rating on shares of NuStar Energy in a research note on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.00.
NuStar Energy Company Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. 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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