NuStar Energy L.P. (NYSE:NS) shares saw strong trading volume on Friday . 1,074,342 shares traded hands during 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.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, May 20th. ValuEngine downgraded NuStar Energy from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Mizuho assumed coverage on NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. NuStar Energy presently has a consensus rating of “Hold” and a consensus price target of $28.60.

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 market cap of $2.89 billion, a P/E ratio of 41.90, a PEG ratio of 16.58 and a beta of 1.53. The firm has a 50-day simple moving average of $27.47 and a two-hundred day simple moving average of $27.28.

NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $372.45 million for the quarter, compared to the consensus estimate of $474.77 million. NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Sell-side analysts predict that NuStar Energy L.P. will post 1.86 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its position in NuStar Energy by 15,258.6% during the 2nd quarter. Invesco Ltd. now owns 13,106,685 shares of the pipeline company’s stock worth $355,715,000 after buying an additional 13,021,347 shares during the period. OppenheimerFunds Inc. increased its position in NuStar Energy by 3.9% during the 1st quarter. OppenheimerFunds Inc. now owns 13,036,961 shares of the pipeline company’s stock worth $350,564,000 after buying an additional 488,260 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in NuStar Energy by 43.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,804,003 shares of the pipeline company’s stock worth $157,521,000 after buying an additional 1,768,331 shares during the period. Neuberger Berman Group LLC increased its position in 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 during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NuStar Energy by 10.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,019,791 shares of the pipeline company’s stock worth $27,422,000 after buying an additional 98,952 shares during the period. Hedge funds and other institutional investors own 75.19% of the company’s stock.

NuStar Energy Company Profile (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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