Citigroup Downgrades NuStar Energy L.P. to Neutral

Brokerage firm Citigroup Downgrades its rating on NuStar Energy L.P.(NS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Citigroup was issued on Feb 3, 2017.

In a different note, On Feb 1, 2017, Stifel Nicolaus said it Downgrades its rating on NuStar Energy L.P.. The shares have been rated ‘Hold’ by the firm.

NuStar Energy L.P. (NS) shares turned negative on Tuesdays trading session with the shares closing down -0.95 points or -1.78% at a volume of 2,80,812. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $53.48. The peak price level was also seen at $53.48 while the days lowest was $51.92. Finally the shares closed at $52.54. The 52-week high of the shares is $55.64 while the 52-week low is $25.93. According to the latest information available, the market cap of the company is $4,124 M.

NuStar Energy L.P.(NS) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $437.80M. Analysts had an estimated revenue of $432.50M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2016, William E Greehey (director) purchased 20,000 shares at $46.74 per share price.Also, On Dec 16, 2015, Dan J Hill (director) purchased 1,000 shares at $32.47 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.

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