NuStar Energy L.P. (NS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.49. The company posted revenue of $405.70 million in the period, 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.
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.
NuStar Energy L.P. opened for trading at $46.02 and hit $47.55 on the upside on Friday, eventually ending the session at $47.3, with a gain of 2.05% or 0.95 points. The heightened volatility saw the trading volume jump to 5,19,428 shares. Company has a market cap of $3,684 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.