Barclays Assumes NuStar GP Holdings LLC to Equal-weight

Brokerage firm Barclays Assumes its rating on NuStar GP Holdings LLC(NYSE:NSH). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, Morgan Stanley said it Initiates Coverage on NuStar GP Holdings LLC, according to a research note issued on Feb 25, 2016. The shares have been rated ‘Equal-weight’ by the firm.

NuStar GP Holdings LLC (NSH) shares turned negative on Fridays trading session with the shares closing down -0.74 points or -3.25% at a volume of 79,719. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.82. The peak price level was also seen at $22.82 while the days lowest was $21.96. Finally the shares closed at $22.04. The 52-week high of the shares is $39.94 while the 52-week low is $12.86. According to the latest information available, the market cap of the company is $946 M.

NuStar GP Holdings LLC(NSH) last announced its earnings results on Jan 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $17.39M. Analysts had an estimated revenue of $17.38M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, William E Greehey (director 10% owner) purchased 500 shares at $16.99 per share price.Also, On Feb 9, 2016, James F Clingman (director) sold 14,335 shares at $29.03 per share price.On Dec 14, 2015, Mary Rose Brown (EVP & CAO) purchased 500 shares at $18.73 per share price, according to the Form-4 filing with the securities and exchange commission.

NuStar GP Holdings LLC is a limited liability company. The Company has ownership interests in NuStar Energy L.P. (NuStar Energy) which is engaged in the transportation of petroleum products and anhydrous ammonia the terminalling and storage of petroleum products and the marketing of petroleum products. The Company through NuStar Energy has interests in 81 terminal and storage facilities. NuStar Energy has terminal and storage facilities in the United States Canada Mexico the Netherlands including St. Eustatius in the Caribbean and the United Kingdom. NuStar Energy constructs and operates its pipelines storage terminals and other facilities on land owned by third-parties and Governmental agencies. NuStar Energy’s segments include pipeline segment storage segment and fuels marketing segment. The Company’s wholly owned subsidiary NuStar GP LLC provides administrative services to the Company.

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