|Bid||43.51 x 100|
|Ask||47.51 x 100|
|Day's Range||44.98 - 46.06|
|52 Week Range||42.40 - 55.64|
|PE Ratio (TTM)||37.06|
|Dividend & Yield||4.38 (9.36%)|
|1y Target Est||N/A|
Zion Oil & Gas, Select Energy Services, and Laredo Petroleum rallied sharply this week as company-specific updates overshadowed weaker oil prices.
After years of waiting, San Antonio-based midstream company NuStar Energy now has the green light to move forward with two cross-border pipeline projects in South Texas. The U.S. State Department issued three presidential permits on June 29 giving NuStar Energy LP (NS) approval for a cross-border project in Laredo and another in Peñitas. In a press conference titled "Unleashing American Energy," President Donald Trump announced the permits for NuStar as one of six new initiatives to transform the U.S. into an energy exporter.
NuStar Energy has seen five rating updates since the beginning of 2017 including two upgrades, two downgrades, and one new coverage.