Nustar Energy (NS) Gets a Buy Rating from UBS

In a report released yesterday, Shneur Gershuni from UBS maintained a Buy rating on Nustar Energy (NSResearch Report), with a price target of $19.00. The company’s shares closed last Monday at $8.16, close to its 52-week low of $4.98.

According to, Gershuni is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.4% and a 40.3% success rate. Gershuni covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Cheniere Energy Partners.

Nustar Energy has an analyst consensus of Moderate Buy, with a price target consensus of $17.33, implying a 108.5% upside from current levels. In a report issued on March 11, Citigroup also upgraded the stock to Buy with a $16.00 price target.

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Based on Nustar Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $400 million and net profit of $77.64 million. In comparison, last year the company earned revenue of $374 million and had a net profit of $1.48 million.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NS in relation to earlier this year.

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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.