J.P. Morgan analyst Jeremy Tonet downgraded Nustar Energy (NS – Research Report) to a Sell today and set a price target of $19.00. The company’s shares closed last Friday at $18.83.
According to TipRanks, Tonet is a 4-star analyst with an average return of 2.6% and a 52.29% success rate. Tonet covers the Energy sector, focusing on stocks such as Nustar Energy, Plains All American, and Targa Resources.
Currently, the analyst consensus on Nustar Energy is a Hold with an average price target of $18.67.
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NS market cap is currently $2.37B and has a P/E ratio of 35.66.
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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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