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Momentum Stock Watch: NuStar Energy L.P. (NS)

-- Sunday, September 15, 2019, 11:49 --

Company Profile:

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. It currently has approximately 9,800 miles of pipeline and 74 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 74 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. NuStar Energy L.P. was founded in 1999 and is headquartered in San Antonio, Texas.

Recent News:

On September 4, 2019, the company announced that it has completed and is moving volumes on three key pipeline projects that will significantly expand the partnership’s capacity to move Permian crude oil to Corpus Christi for export, and to move refined products into Northern Mexico.

The company reported strong second quarter 2019 earnings results. Adjusted net income was $54 million for the second quarter of 2019, up $25 million or 85% compared to net income of $29 million for the second quarter of 2018. Second quarter 2019 adjusted earnings per unit (EPU) were $0.18 per unit, higher than EPU of $0.15 in the second quarter of 2018.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NS’s strengths can be seen in its better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 57.96 with positive bias. We rate NuStar Energy L.P. (NS) a STRONG BUY.

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