Streetbeat News

Nustar Energy L P

CEO

Bradley Barron

Employees

1,356

nustar energy l.p., a publicly traded master limited partnership based in san antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. nustar currently has 8,643 miles of pipeline and 87 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. the partnership’s combined system has approximately 97 million barrels of storage capacity, and nustar has operations in the united states, canada, mexico, the netherlands, including st. eustatius in the caribbean, the united kingdom and turkey.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Texas Instruments' target was raised by Keybanc, while Webster Financial and NuStar Energy saw increases from Raymond James and Stifel, respectively. Needham raised Apellis Pharmaceuticals' target, Citigroup upgraded Sunoco, and Canaccord Genuity increased Vertex Pharmaceuticals' target. Conversely, BMO Capital downgraded Plug Power, JP Morgan cut DXC Technology's target, Morgan Stanley downgraded Endava, and Keybanc raised Netflix's target. Most stocks mentioned closed lower on Tuesday, except for Apellis Pharmaceuticals and Netflix, which saw gains.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:18 pm

Stifel analyst Selman Akyol downgraded NuStar Energy (NYSE:NS) from Buy to Hold while increasing the price target from $20 to $23.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:22 am

Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. Notably, Truist Securities raised the price target for Enphase Energy, Inc. (ENPH) from $85 to $145 and upgraded the stock to Buy, implying over a 35% potential rally. Other companies such as Constellium SE (CSTM), Zuora, Inc. (ZUO), Teva Pharmaceutical (TEVA), NuStar Energy L.P. (NS), Callon Petroleum Company (CPE), BioNTech SE (BNTX), Viant Technology Inc. (DSP), Chevron Corporation (CVX), and Materion Corporation (MTRN) also saw changes in their price targets and ratings.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 12:44 pm

Wells Fargo analyst Michael Blum has upgraded NuStar Energy (NYSE:NS) from Underweight to Equal-Weight and increased the price target from $18 to $21. This upgrade reflects a more favorable view of the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 11:00 am

CommScope Holding Company, Inc. (NASDAQ:COMM) shares fell by approximately 7% after B of A Securities analyst Tal Liani downgraded the stock from Neutral to Underperform and lowered the price target from $2.1 to $2. The article also lists other stocks that moved in Monday's mid-day session, including gainers such as Sagimet Biosciences Inc. (NASDAQ:SGMT) and losers like Virios Therapeutics, Inc. (NASDAQ:VIRI).

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 6:08 pm

NuStar Energy LP (NYSE:NS) shares surged after Sunoco LP (NYSE:SUN) announced plans to acquire NuStar in an all-equity deal valued at $7.3 billion. NuStar unitholders will receive 0.400 Sunoco units per share, a 24% premium based on the 30-day VWAP as of January 19, 2024. The deal, expected to close in Q2 2024, is projected to increase Sunoco's distributable cash flow by 10%+ by the third year and achieve $150 million in synergies. NS shares rose 15.2%, while SUN shares fell 6.74% following the announcement.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 4:39 pm

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

Sunoco LP (NYSE:SUN) has announced its plan to acquire NuStar Energy LP (NYSE:NS) in a stock-for-stock transaction valued at $7.30 billion, expected to close in Q2 of 2024. Sunoco is a manufacturer and marketer of racing fuels and a fuel distributor in the U.S., while NuStar Energy is a pipeline and terminal operator involved in the transportation and storage of petroleum products and anhydrous ammonia.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 3:10 pm

Sunoco has announced plans to acquire NuStar Energy in an all-equity transaction valued at approximately $7.3 billion, causing NuStar Energy shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:55 pm

Sunoco has agreed to acquire NuStar in an all-equity deal valued at approximately $7.3 billion, including assumed debt. NuStar unitholders will receive 0.400 Sunoco units per NuStar unit, a 24% premium based on the 30-day VWAP as of January 19, 2024. The boards of both companies have approved the transaction, expected to close in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:47 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.