Price Change to Note: What Next for NuStar Energy L.P. Stock After Today’s Huge Decline?

Price Change to Note: What Next for NuStar Energy L.P. Stock After Today's Huge Decline?

The stock of NuStar Energy L.P. (NYSE:NS) is a huge mover today! The stock decreased 2.21% or $1.08 on October 5, hitting $47.87. About 308,268 shares traded hands. NuStar Energy L.P. (NYSE:NS) has risen 33.09% since March 2, 2016 and is uptrending. It has outperformed by 24.83% the S&P500.
The move comes after 9 months negative chart setup for the $3.70 billion company. It was reported on Oct, 6 by Barchart.com. We have $45.00 PT which if reached, will make NYSE:NS worth $222.00 million less.

Analysts await NuStar Energy L.P. (NYSE:NS) to report earnings on November, 1. They expect $0.49 earnings per share, down 27.94% or $0.19 from last year’s $0.68 per share. NS’s profit will be $37.87M for 24.42 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by NuStar Energy L.P. for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.

NuStar Energy L.P. (NYSE:NS) Ratings Coverage

Out of 10 analysts covering Nustar Energy LP (NYSE:NS), 2 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 20% are positive. Nustar Energy LP has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the shares of NS in a report on Wednesday, September 14 to “Buy” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 25. Mizuho initiated NuStar Energy L.P. (NYSE:NS) rating on Friday, September 30. Mizuho has “Neutral” rating and $50 price target. Citigroup upgraded the stock to “Buy” rating in Friday, August 12 report. JP Morgan maintained NuStar Energy L.P. (NYSE:NS) rating on Monday, May 16. JP Morgan has “Neutral” rating and $49 price target. FBR Capital initiated NuStar Energy L.P. (NYSE:NS) rating on Friday, September 9. FBR Capital has “Mkt Perform” rating and $48 price target. On Wednesday, November 4 the stock rating was downgraded by JP Morgan to “Neutral”. The stock of NuStar Energy L.P. (NYSE:NS) earned “Neutral” rating by Piper Jaffray on Friday, April 1. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, November 4. The stock has “Neutral” rating given by JP Morgan on Tuesday, March 15.

According to Zacks Investment Research, “NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.”

Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.30, from 0.64 in 2016Q1. The ratio increased, as 15 funds sold all NuStar Energy L.P. shares owned while 49 reduced positions. 18 funds bought stakes while 42 increased positions. They now own 34.14 million shares or 6.40% less from 36.47 million shares in 2016Q1.
Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 0.58% or 627,062 shares. Green Square Cap Ltd last reported 0.49% of its portfolio in the stock. Bahl Gaynor Inc holds 19,954 shares or 0.01% of its portfolio. Babson Mgmt Lc holds 43,200 shares or 0.06% of its portfolio. The Ohio-based Cincinnati Ins has invested 0.06% in NuStar Energy L.P. (NYSE:NS). Mercer Capital Advisers owns 800 shares or 0.03% of their US portfolio. Kayne Anderson Capital Lp, a California-based fund reported 730,300 shares. The Florida-based Raymond James And Associates has invested 0% in NuStar Energy L.P. (NYSE:NS). South Texas Money Management Ltd has 10,412 shares for 0.03% of their US portfolio. Goldman Sachs Group Inc Incorporated accumulated 4.06 million shares or 0.07% of the stock. Sigma Planning Corporation last reported 0.03% of its portfolio in the stock. Barrett Asset Mngmt Ltd Company holds 0% or 500 shares in its portfolio. The California-based Hollencrest Secs Limited Liability Company has invested 0.17% in NuStar Energy L.P. (NYSE:NS). Moreover, Cambridge Rech Advsrs Inc has 0.01% invested in NuStar Energy L.P. (NYSE:NS) for 10,231 shares. Advisers Ltd has 0.01% invested in the company for 14,759 shares.

Insider Transactions: Since May 3, 2016, the stock had 4 insider purchases, and 0 insider sales for $4.48 million net activity. GREEHEY WILLIAM E bought $93,577 worth of stock or 1,991 shares.

More news for NuStar Energy L.P. (NYSE:NS) were recently published by: Businesswire.com, which released: “NuStar Energy L.P. Declares Second Quarter 2016 Distribution” on July 29, 2016. Businesswire.com‘s article titled: “NuStar Energy L.P. Announces New Director” and published on January 27, 2016 is yet another important article.

NS Company Profile

NuStar Energy L.P., incorporated on December 7, 1999, is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating divisions include pipeline, storage and fuels marketing. The Firm conducts its activities through its subsidiaries, primarily NuStar Logistics, L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). The Company’s assets include approximately 5,500 miles of refined product pipelines with over 20 associated terminals providing storage capacity of over five million barrels and approximately two tank farms providing storage capacity of over 1.4 million barrels; over 2,000 miles of anhydrous ammonia pipelines; approximately 1,200 miles of crude oil pipelines, with over eight associated terminals, providing approximately four million barrels of associated storage capacity, and over 50 terminal and storage facilities providing approximately 82.9 million barrels of storage capacity

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