Alert: Negative Investment/Fundamental Signals (4/12/24)-NuStar Energy LP (NYSE: NS)

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NuStar Energy LP (NYSE: NS) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.

NuStar Energy LP (NYSE: NS) has recently experienced meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, NS is expected to continue to be a major Value Builder.

NuStar Energy has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NuStar Energy has a slightly negative Appreciation Score of 32 but a very high Power Rating of 97, leading to the Positive Value Trend Rating.

Recent Price Action

NuStar Energy LP (NYSE: NS) stock closed at $21.25 on 4/12/24 after a modest decline of -1.5%. Moreover, this decline was accompanied by above average trading volume at 132% of normal. The stock has declined -7.4% during the last week but has been exceptionally strong relative to the market over the last nine months.

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