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Upgrade Alert for NuStar Energy (NS)

By Shiri Gupta

NuStar Energy (NYSE:NS) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $51.45 on volume of 530,000 shares, above average daily volume of 461,000.

NuStar Energy L.P. transports and stores crude oil and refined products. The Company operates pipelines, terminals, and oil storage facilities. NuStar operates in North America, Latin America, the Caribbean, the United Kingdom, and continental Europe.

There is potential upside of 1.4% for shares of NuStar Energy based on a current price of $51.45 and an average consensus analyst price target of $52.17. NuStar Energy shares have support at the 50-day moving average (MA) of $50.30 and additional support at the 200-day MA of $45.92.

NuStar Energy share prices have moved between a 52-week high of $54.95 and a 52-week low of $36.15 and closed yesterday at 42% above that low price at $51.45 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in NuStar Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NuStar Energy in search of a potential trend change.

Keywords: analyst upgrades/downgrades nustar energy

Ticker(s): NS