Stifel Nicolaus analyst Selman Akyol maintained a Buy rating on Nustar Energy (NS – Research Report) today and set a price target of $20.00. The company’s shares closed yesterday at $19.18.
Akyol covers the Energy sector, focusing on stocks such as Western Midstream Partners, DT Midstream, and Archrock. According to TipRanks, Akyol has an average return of 5.5% and a 63.39% success rate on recommended stocks.
Currently, the analyst consensus on Nustar Energy is a Moderate Buy with an average price target of $18.00.
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Based on Nustar Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 billion and a net profit of $51.2 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $59.63 million
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Nustar Energy (NS) Company Description:
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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