NYSE:NS

Stock Analysis Report

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Executive Summary

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.9%

NS

-6.8%

US Oil and Gas

-4.1%

US Market


1 Year Return

-63.7%

NS

-48.3%

US Oil and Gas

12.0%

US Market

Return vs Industry: NS underperformed the US Oil and Gas industry which returned -48.3% over the past year.

Return vs Market: NS underperformed the US Market which returned 12% over the past year.


Shareholder returns

NSIndustryMarket
7 Day-9.9%-6.8%-4.1%
30 Day-3.7%-3.1%-0.2%
90 Day-28.9%-17.3%2.8%
1 Year-59.8%-63.7%-45.0%-48.3%14.6%12.0%
3 Year-56.3%-68.0%-49.5%-56.2%35.8%26.8%
5 Year-63.6%-77.5%-46.6%-57.0%75.2%55.6%

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?

1.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NS ($10.23) is trading above our estimate of fair value ($9.32)

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


Price To Earnings Ratio

PE vs Industry: NS is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: NS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NS is overvalued based on its PB Ratio (1.6x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is NuStar Energy forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

79.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: NS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NS's is expected to become profitable in the next 3 years.

Revenue vs Market: NS's revenue (2.2% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: NS's revenue (2.2% 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 (27.5%)


Next Steps

Past Performance

How has NuStar Energy performed over the past 5 years?

-60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NS is currently unprofitable.

Growing Profit Margin: NS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NS is unprofitable, and losses have increased over the past 5 years at a rate of 60.2% per year.

Accelerating Growth: Unable to compare NS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-35%).


Return on Equity

High ROE: NS has a negative Return on Equity (0.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is NuStar Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NS's short term assets ($178.7M) do not cover its short term liabilities ($188.4M).

Long Term Liabilities: NS's short term assets ($178.7M) do not cover its long term liabilities ($3.6B).


Debt to Equity History and Analysis

Debt Level: NS's debt to equity ratio (163.7%) is considered high.

Reducing Debt: NS's debt to equity ratio has reduced from 182.3% to 163.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.7% per year.


Next Steps

Dividend

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

15.64%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: NS's dividend (15.64%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: NS's dividend (15.64%) is in the top 25% of dividend payers in the US market (4.78%)


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: NS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NS's dividends in 3 years are forecast to be covered by earnings (73.1% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Brad Barron (55 yo)

6.75yrs

Tenure

US$4,401,120

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 ($USD4.40M) is above average for companies of similar size in the US market ($USD2.96M).

Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bradley Barron
President6.75yrsUS$4.40m0.28%
$ 3.2m
Thomas Shoaf
Executive VP & CFO of NuStar GP LLC6.83yrsUS$1.79m0.11%
$ 1.2m
Mary Brown
Executive VP & Chief Administrative Officer of NuStar GP LLC7.5yrsUS$1.81m0.17%
$ 1.9m
Amy Perry
Executive VP of Strategic Development & General Counsel1.75yrsUS$1.32m0.056%
$ 620.0k
Daniel Oliver
Executive Vice President of Business Development & Engineering at NuStar GP Holdings0.75yrUS$1.36m0.088%
$ 980.8k
Mark Trexler
Senior Vice President of Operations & HSE - NuStar GP LLC0.75yrno datano data
Manish Kapoor
Chief Information Officer & Senior VPno datano datano data
Pam Schmidt
Vice President of Investor Relationsno datano datano data
Robert Grimes
Vice President of Human Resources - NuStar GP LLC11.75yrsno datano data
Joanna Weidman
Senior Vice President of Administration - NuStar GP LLC1.17yrsno datano data
Paul Davis
Senior Vice President of Trading and Bunkering - Nustar GP LLCno datano datano data
Chris Russell
Treasurer & VP of Investor Relationsno datano datano data

4.3yrs

Average Tenure

54yo

Average Age

Experienced Management: NS's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bradley Barron
President6.75yrsUS$4.40m0.28%
$ 3.2m
James Clingman
Independent Director of NuStar GP LLC2.25yrsUS$183.50k0.032%
$ 353.0k
William Greehey
Chairman of the Board of NuStar GP LLC18.75yrsUS$270.98k9.13%
$ 101.9m
William Burnett
Independent Director of NuStar GP LLC2.25yrsUS$190.50k0.027%
$ 297.6k
Jesse Bates
Independent Director of NuStar GP LLC14.5yrsUS$207.50k0.049%
$ 549.0k
Dan Hill
Independent Presiding Director of NuStar GP LLCno dataUS$226.00k0.054%
$ 605.8k
W. Rosier
Independent Director of NuStar GP LLC7.58yrsUS$198.50k0.089%
$ 998.4k
Jelynne LeBlanc-Burley
Independent Director of NuStar GP LLC2.25yrsUS$183.00k0.016%
$ 176.6k
Robert Munch
Independent Director of NuStar GP LLC4.75yrsUS$190.50k0.021%
$ 237.5k

5.8yrs

Average Tenure

72yo

Average Age

Experienced Board: NS's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.


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$1.117b
  • Shares outstanding: 109.20m
  • 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 in the United States and internationally. The company also engages in the transportation of petroleum products a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 03:51
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
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.