In a report released on August 3, Gabe Moreen from Mizuho Securities maintained a Hold rating on Nustar Energy (NS – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $17.10.
According to TipRanks, Moreen is a 5-star analyst with an average return of 7.8% and a 73.15% success rate. Moreen covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Kinder Morgan, and Magellan Midstream.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nustar Energy with a $19.00 average price target.
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Based on Nustar Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $46.14 million. In comparison, last year the company had a net profit of $12.31 million
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NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil and anhydrous ammonia. The Storage segment is engaged in terminal and storage facilities, which includes storage and handling services on a fee basis for petroleum products, specialty chemicals, crude oil and other liquids. The Fuels Marketing segment purchase crude oil and refined petroleum products for resale. The company was founded in 1999 and is headquartered in San Antonio, TX.
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