NYSE:NS

Stock Analysis Report

Executive Summary

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has NuStar Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

NS

-0.3%

US Oil and Gas

0.5%

US Market


1 Year Return

2.8%

NS

-17.7%

US Oil and Gas

20.3%

US Market

Return vs Industry: NS exceeded the US Oil and Gas industry which returned -17.7% over the past year.

Return vs Market: NS underperformed the US Market which returned 20.3% over the past year.


Shareholder returns

NSIndustryMarket
7 Day-3.3%-0.3%0.5%
30 Day-3.8%-7.5%2.0%
90 Day-3.9%-6.4%9.4%
1 Year12.1%2.8%-14.4%-17.7%22.8%20.3%
3 Year-31.9%-49.6%-11.8%-20.1%50.1%40.4%
5 Year-30.2%-57.0%-21.0%-32.6%73.1%54.1%

Price Volatility Vs. Market

How volatile is NuStar Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NuStar Energy undervalued compared to its fair value and its price relative to the market?

34.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NS ($26.93) is trading above our estimate of fair value ($10.66)

Significantly Below Fair Value: NS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NS is poor value based on its PE Ratio (34.1x) compared to the Oil and Gas industry average (9.3x).

PE vs Market: NS is poor value based on its PE Ratio (34.1x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: NS is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: NS is overvalued based on its PB Ratio (2.9x) compared to the US Oil and Gas industry average (0.8x).

Future Growth

How is NuStar Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

47.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NS's forecast earnings growth (47.1% per year) is above the savings rate (1.7%).

Earnings vs Market: NS's earnings (47.1% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NS's revenue (5.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: NS's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NS's Return on Equity is forecast to be high in 3 years time (23.7%)

Past Performance

How has NuStar Energy performed over the past 5 years?

-54.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NS has high quality earnings.

Growing Profit Margin: NS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NS's earnings have declined by -54.8% per year over the past 5 years.

Accelerating Growth: NS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).


Return on Equity

High ROE: NS's Return on Equity (8.8%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is NuStar Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NS's short term assets ($188.0M) do not cover its short term liabilities ($730.2M).

Long Term Liabilities: NS's short term assets ($188.0M) do not cover its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: NS's debt to equity ratio (142.1%) is considered high.

Reducing Debt: NS's debt to equity ratio has reduced from 164.8% to 142.1% over the past 5 years.

Debt Coverage: NS's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: NS's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: NS has a high level of physical assets or inventory.

Debt Coverage by Assets: NS's debt is not covered by short term assets (assets are 0.1x debt).

Dividend

What is NuStar Energy's current dividend yield, its reliability and sustainability?

8.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NS's dividend (8.91%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: NS's dividend (8.91%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: NS's dividend payments have been volatile in the past 10 years.

Growing Dividend: NS's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (303.8%), NS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NS's dividends in 3 years are not forecast to be well covered by earnings (155.3% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Brad Barron (54yo)

6.1yrs

Tenure

US$3,501,130

Compensation

Mr. Bradley C. Barron, also known as Brad, serves as the Chief Executive Officer and President of Nustar GP LLC, General partner of NuStar Logistics, L.P., NuStar Energy L.P. since January 01, 2014. Mr. Ba ...


CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD3.50M) is about average for companies of similar size in the US market ($USD4.89M).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bradley Barron
President6.1yrsUS$3.50m0.28% $8.3m
Thomas Shoaf
Executive VP & CFO of NuStar GP LLC6.2yrsUS$1.52m0.11% $3.3m
Mary Brown
Executive VP & Chief Administrative Officer of NuStar GP LLC6.8yrsUS$1.52m0.16% $4.8m
Amy Perry
Executive VP of Strategic Development1.1yrsUS$1.13m0.056% $1.6m
Daniel Oliver
Senior Vice President of Marketing & Business Development - NuStar GP LLC5.8yrsUS$1.11m0.089% $2.6m
Mark Trexler
Senior Vice President of Operations & HSE - NuStar GP LLC0.08yrsno datano data
Manish Kapoor
Chief Information Officer & Senior VP0yrsno datano data
Pam Schmidt
Vice President of Investor Relations0yrsno datano data
Robert Grimes
Vice President of Human Resources - NuStar GP LLC11.1yrsno datano data
Joanna Weidman
Senior Vice President of Administration - NuStar GP LLC0.5yrsno datano data

5.9yrs

Average Tenure

53yo

Average Age

Experienced Management: NS's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bradley Barron
President6.1yrsUS$3.50m0.28% $8.3m
James Clingman
Director of NuStar GP LLC1.6yrsUS$138.00k0.032% $929.1k
William Greehey
Chairman of the Board - NuStar GP LLC18.1yrsUS$270.82k8.95% $259.8m
William Burnett
Director of NuStar GP LLC1.6yrsUS$139.00k0.023% $668.5k
Jesse Bates
Director of Nustar GP LLC13.8yrsUS$219.33k0.042% $1.2m
Dan Hill
Presiding Director of Nustar GP LLC0yrsUS$235.83k0.041% $1.2m
W. Rosier
Director of NuStar GP LLC6.9yrsUS$213.33k0.044% $1.3m
Jelynne LeBlanc-Burley
Director of NuStar GP LLC1.6yrsUS$135.50k0.016% $465.0k
Robert Munch
Director of Nustar GP LLC4.1yrsUS$203.33k0.014% $409.6k

5.1yrs

Average Tenure

71yo

Average Age

Experienced Board: NS's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.


Top Shareholders

Company Information

NuStar Energy L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NuStar Energy L.P.
  • Ticker: NS
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$2.903b
  • Shares outstanding: 107.79m
  • Website: https://www.nustarenergy.com

Number of Employees


Location

  • NuStar Energy L.P.
  • 19003 IH-10 West
  • San Antonio
  • Texas
  • 78257
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NSNYSE (New York Stock Exchange)YesCommon UnitsUSUSDApr 2001
N0UDB (Deutsche Boerse AG)YesCommon UnitsDEEURApr 2001
NS.PRBNYSE (New York Stock Exchange)RED PFD SER BUSUSDApr 2017

Biography

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia. The Storage segment owns terminal and storage facilities, which offer storage, handling, and other services for petroleum products, crude oil, specialty chemicals, and other liquids. This segment also provides pilotage, tug assistance, line handling, launch, emergency response, and other ship services. The Fuels Marketing segment is involved in the purchase of crude oil, fuel oil, bunker fuel, fuel oil blending components, and other refined products for resale. As of December 31, 2018, the company had 3,130 miles of refined product pipelines and 2,070 miles of crude oil pipelines in Texas, Oklahoma, Kansas, Colorado, and New Mexico; a 2,150-mile refined product pipeline originating in southern Kansas and terminating at Jamestown, North Dakota; a 450-mile refined product pipeline originating at Marathon Petroleum Corporation’s Mandan, North Dakota refinery and terminating in Minneapolis, Minnesota; 2,000 miles of anhydrous ammonia pipelines; and 75 terminal and storage facilities, which offer approximately 88 million barrels of storage capacity. The company has operations in the United States, Canada, Mexico, and the Netherlands. NuStar Energy L.P. was founded in 1999 and is headquartered in San Antonio, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 00:48
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.