NuStar Energy L.P. (NS) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 49 from a previous price target of $41 . Barclays advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on NuStar Energy L.P.. NuStar Energy L.P. was Initiated by Morgan Stanley to “Equal-Weight” on Feb 25, 2016.
On the company’s financial health, NuStar Energy L.P. reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.49. The company had revenue of $405.70 million for the quarter, compared to analysts expectations of $521.55 million. The company’s revenue was down -26.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.
NuStar Energy L.P. opened for trading at $47.44 and hit $49.4 on the upside on Wednesday, eventually ending the session at $48.96, with a gain of 5.20% or 2.42 points. The heightened volatility saw the trading volume jump to 8,01,637 shares. Company has a market cap of $3,813 M.
In a different news, on Dec 16, 2015, Dan J Hill (director) purchased 1,000 shares at $32.47 per share price. According to the SEC, on Dec 14, 2015, William E Greehey (director) purchased 14,500 shares at $33.94 per share price. On Dec 14, 2015, Mary Rose Brown (EVP & CAO) purchased 500 shares at $33.91 per share price, according to the Form-4 filing with the securities and exchange commission.
NuStar Energy L.P. 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 conducts its operations through its wholly owned subsidiaries primarily NuStar Logistics L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). It operates in three business segments: pipeline storage and fuels marketing. The Company’s pipeline segment consists of the transportation of refined petroleum products crude oil and anhydrous ammonia. The Company’s storage segment includes terminal and storage facilities that provide storage handling and other services for petroleum products crude oil specialty chemicals and other liquids. The Company’s fuels marketing segment involve the purchase of crude oil fuel oil bunker fuel fuel oil blending components and other refined products for resale.