Zacks: Analysts Anticipate NuStar Energy L.P. (NS) to Post $0.22 EPS

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Brokerages expect NuStar Energy L.P. (NYSE:NS) to post earnings of $0.22 per share for the current quarter, Zacks reports. Two analysts have provided estimates for NuStar Energy’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.04. NuStar Energy reported earnings per share of $0.15 in the same quarter last year, which indicates a positive year over year growth rate of 46.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that NuStar Energy will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.72 to $1.23. For the next fiscal year, analysts forecast that the business will post earnings of $1.23 per share, with EPS estimates ranging from $0.32 to $2.20. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow NuStar Energy.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.18). The company had revenue of $486.50 million for the quarter, compared to the consensus estimate of $542.91 million. NuStar Energy had a negative net margin of 10.05% and a positive return on equity of 27.72%. NuStar Energy’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

A number of equities analysts have weighed in on NS shares. Zacks Investment Research upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, May 14th. ValuEngine upgraded shares of NuStar Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. lowered shares of NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. NuStar Energy currently has an average rating of “Hold” and a consensus target price of $27.67.

In other news, Director William E. Greehey acquired 68,075 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $28.38 per share, for a total transaction of $1,931,968.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of NuStar Energy by 1.6% in the fourth quarter. Hsbc Holdings PLC now owns 70,979 shares of the pipeline company’s stock valued at $1,485,000 after acquiring an additional 1,109 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of NuStar Energy by 14.5% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,339,960 shares of the pipeline company’s stock valued at $69,905,000 after acquiring an additional 421,881 shares during the period. Alps Advisors Inc. boosted its position in shares of NuStar Energy by 12.6% in the fourth quarter. Alps Advisors Inc. now owns 9,708,198 shares of the pipeline company’s stock valued at $203,193,000 after acquiring an additional 1,086,750 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of NuStar Energy by 6.8% in the fourth quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after acquiring an additional 613 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of NuStar Energy by 10.5% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 210,000 shares of the pipeline company’s stock valued at $4,395,000 after acquiring an additional 20,000 shares during the period. Institutional investors own 62.41% of the company’s stock.

NYSE:NS remained flat at $$27.22 on Friday. 335,556 shares of the company’s stock were exchanged, compared to its average volume of 443,008. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 20.49 and a beta of 1.76. NuStar Energy has a 12-month low of $19.81 and a 12-month high of $29.12.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Wednesday, May 8th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.82%. NuStar Energy’s dividend payout ratio (DPR) is currently 358.21%.

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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