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How Has NuStar Energy’s Stock Performed So Far in 2016?


Dec. 4 2020, Updated 10:53 a.m. ET

NuStar Energy’s market performance

NuStar Energy (NS), which mainly provides crude oil, refined products, and NGL (natural gas liquid) transportation and storage services, has gained 25.9% YTD (year-to-date) despite touching multiyear lows in the beginning of 2016. The YTD gain in NuStar’s share price could be attributed to the slight recovery in crude oil prices.

NuStar’s peers, Buckeye Partners (BPL), Rose Rock Midstream Partners (RRMS), and Sunoco Logistics Partners (SXL), have returned 5.9%, 56.6%, and 5.1%, respectively, in 2016. At the same time, the Alerian MLP ETF (AMLP), which comprises 24 midstream energy MLPs, has gained 3.6%. NS outperformed the ETF by 22.3%.

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A look at NuStar’s moving averages

NuStar Energy crossed both its 50-day and 200-day moving averages, driven by the recent rallies. The partnership is currently trading 4.9% above its 50-day moving average and 18.9% above its 200-day moving average. Additionally, the 50-day moving average surpassed the 200-day moving average last month, indicating a bullish trend in NuStar’s stock.

NuStar Energy’s 1Q16 earnings

NuStar Energy’s 1Q16 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) fell to $148.5 million from $157.7 million in 1Q15, a YoY (year-over-year) decline of 6.4%. In the next article, we’ll look at NuStar’s recent segment-wise operating performance.

Further in this series, we’ll analyze NuStar’s balance position and cash flow measures. Following an analysis of NuStar’s financial statements, we’ll look into NuStar’s valuations, key performance indicators, commodity price exposure, and analyst projections.


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