NuStar GP Holdings Receives a Hold from Citigroup


In a report released today, Faisel Khan from Citigroup maintained a Hold rating on NuStar GP Holdings (NYSE: NSH), with a price target of $12. The company’s shares opened today at $11.50, close to its 52-week low of $10.40.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 15.2% and a 72.4% success rate. Khan covers the Basic Materials sector, focusing on stocks such as BP Midstream Partners LP, Andeavor Logistics LP, and Targa Resources Corp.

NuStar GP Holdings has an analyst consensus of Hold, with a price target consensus of $13.

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Based on NuStar GP Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $0 and quarterly net profit of $11.94 million. In comparison, last year the company earned revenue of $0 and had a net profit of $16.99 million.

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NuStar GP Holdings LLC owns general partner and limited partner interests in NuStar Energy LP. It operates through two segments: Pipeline, Storage and Fuels Marketing. The Pipeline segment owns refined product pipelines, which consist of Central West System refined product pipelines, the East Pipeline and the North Pipeline.

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