Nustar Energy L.P. Got Some Bad News

By Ryan Adsit

In a report released today, John Edwards from Credit Suisse downgraded Nustar Energy L.P. (NYSE: NS) to Sell. The company’s shares closed yesterday at $45.97.

According to, Edwards is a 3-star analyst with an average return of 0.2% and a 47.7% success rate. Edwards covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Dcp Midstream Partners Lp, and Antero Midstream Partners.

Nustar Energy L.P. has an analyst consensus of Moderate Buy.

The company has a one year high of $53.47 and a one year low of $25.65. Currently, Nustar Energy L.P. has an average volume of 286.8K.

Based on the recent corporate insider activity of 54 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. Most recently, in August 2016, William Greehey, a Director at NS bought 20,000 shares for a total of $975,800.

NuStar Energy LP engages in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia and the marketing of petroleum products. The company operates through the three segments: Storage, Pipeline, and Fuels Marketing. 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 Pipeline segment provides transportation of refined petroleum products, crude oil and anhydrous ammonia. The Fuels Marketing segment purchase crude oil and refined petroleum products for resale. NuStar Energy was founded on April 16, 2001 and is headquartered in San Antonio, TX.