Barclays reiterated coverage on NuStar Energy with a new price target
$NS
Natural Gas Distribution
Energy
Barclays reiterated coverage of NuStar Energy with a rating of Overweight and set a new price target of $17.00 from $19.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2024 | $19.00 | Neutral → Underweight | JP Morgan |
| 10/6/2023 | $17.00 | Neutral | Citigroup |
| 4/21/2023 | $20.00 | Mkt Perform → Outperform | Raymond James |
| 3/7/2023 | $20.00 → $19.50 | Hold → Buy | Stifel |
| 12/16/2022 | $18.00 → $16.00 | Overweight → Underweight | Wells Fargo |
| 5/31/2022 | $17.00 → $18.00 | Equal Weight → Overweight | Wells Fargo |
| 2/7/2022 | $17.00 | Overweight → Equal-Weight | Wells Fargo |
| 12/16/2021 | $19.00 → $17.00 | Overweight | Wells Fargo |
4 - NuStar Energy L.P. (0001110805) (Issuer)
4 - NuStar Energy L.P. (0001110805) (Issuer)
4 - NuStar Energy L.P. (0001110805) (Issuer)
OVERLAND PARK, KS / ACCESSWIRE / May 3, 2024 / Tortoise today announced a revision to the corporate action treatment for the Tortoise North American Pipeline IndexSM (TNAP). As previously stated, NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by Sunoco LP (NYSE:SUN). Due to the acquisition, NS will be removed from indices at market open on Friday, May 3, 2024.For the Tortoise MLP Index® (TMLP), NS will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in
OVERLAND PARK, KS / ACCESSWIRE / May 2, 2024 / Tortoise today announced that NuStar Energy LP (NYSE:NS) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by Sunoco LP (NYSE:SUN). Due to the acquisition, NS will be removed from indices at market open on Friday, May 3, 2024.For the Tortoise MLP Index® (TMLP), NS will be removed with a special rebalancing.Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, liquidations, and conversions in which the resulting weight of a single constituent exceeds the index's 7.5% threshold and the target constituent weight
Sunoco LP (NYSE:SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE:NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501484326/en/ NuStar's Special Meeting was held at 9:00 a.m. Central Time on May 1, 2024. According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. NuStar will disclose the final vote result of the Special Meeting on a Form 8-K filed wit
JP Morgan downgraded NuStar Energy from Neutral to Underweight and set a new price target of $19.00
Citigroup initiated coverage of NuStar Energy with a rating of Neutral and set a new price target of $17.00
Raymond James upgraded NuStar Energy from Mkt Perform to Outperform and set a new price target of $20.00
8-K - NuStar Energy L.P. (0001110805) (Filer)
10-Q - NuStar Energy L.P. (0001110805) (Filer)
8-K - NuStar Energy L.P. (0001110805) (Filer)
NuStar Energy L.P. (NYSE:NS) today announced solid results for the fourth quarter and full-year 2023 fueled by strong revenues and volumes in its refined products pipelines and strong performance in its Fuels Marketing Segment. NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022. Results for the fourth quarter of 2022 include a gain from insurance proceeds to rebuild tanks at its Selby terminal. Earnings per unit (EPU) for the fourth quarter of 2022 also included a $0.31 per unit premium related to the repurchase of a portion of the Series D preferred units. Ex
Sunoco LP (NYSE:SUN) ("Sunoco" or the "Partnership") and NuStar Energy L.P. (NYSE:NS) ("NuStar") announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. Transaction Details Under the terms of the agreement, NuStar common unitholders will receive 0.400 Sunoco common units for each NuStar common unit, implying a 24% premium based on the 30-day VWAP's of both NuStar and Sunoco as of January 19, 2024. Sunoco has secured a $1.6 billion 364-day bridge term loan to refinance NuStar's Series A, B and C Preferred Units, Subordinated Notes, Revolving Cred
NuStar Energy L.P. (NYSE:NS) today announced that it will host a conference call on Thursday, February 15, 2024 at 9:00 a.m. Central Time to discuss the fourth quarter 2023 earnings results, which will be released earlier that day. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/ix273q3o. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BIee1568b1e27845da9c4719be0beac3c5. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/ix
The board of directors of NuStar Energy L.P. (NYSE:NS) announced the retirement of James "Fully" Clingman, Jr., effective October 27, 2021. "We are truly grateful for Fully's service and commitment to NuStar for the last 15 years," said Bill Greehey, NuStar's chairman of the board. "He has been a tremendous asset to our board and to our company as he is not only a strong business and civic leader, but also a caring individual who really understands the importance of our unique culture that values all stakeholders. Because of his personal values and his vast experience in running a large corporation, we could always count on Fully to provide calm, thoughtful advice that unfailingly consider
SC 13G/A - NuStar Energy L.P. (0001110805) (Subject)
SC 13G/A - NuStar Energy L.P. (0001110805) (Subject)
SC 13G/A - NuStar Energy L.P. (0001110805) (Subject)
Sunoco LP (NYSE:SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE:NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501484326/en/NuStar's Special Meeting was held at 9:00 a.m. Central Time on May 1, 2024. According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction. NuStar will disclose the final vote result of the Special Meeting on a Form 8-K filed with th
The special distribution will be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024. Payment of the special distribution is subject to and conditioned upon holders of NuStar Energy L.P.'s common units approving its previously announced acquisition by Sunoco LP (NYSE: SUN) at NuStar Energy L.P.'s special meeting, which will be held at 9:00 a.m. Central Time on May 1, 2024, and the merger agreement with respect to the acquisition not having been terminated.
The expiry is in connection with Sunoco's pending acquisition of NuStar. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.