New Source Energy Partners LP Reaches New 12-Month High at $24.02 (NSLP)
Shares of New Source Energy Partners LP (NASDAQ:NSLP) hit a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $24.02 and last traded at $23.74, with a volume of 21,082 shares trading hands. The stock had previously closed at $23.45.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of New Source Energy Partners LP from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 15th. They now have a $20.90 price target on the stock. Analysts at Oppenheimer initiated coverage on shares of New Source Energy Partners LP in a research note to investors on Monday, August 19th. They set an “outperform” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.98.
New Source Energy Partners LP has a 1-year low of $19.19 and a 1-year high of $21.29. The stock has a 50-day moving average of $20.11 and a 200-day moving average of $20.35. The company has a market cap of $216.4 million and a P/E ratio of 122.77.
New Source Energy Partners LP (NASDAQ:NSLP) last released its earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.43.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.58 per share. This represents a $2.30 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from New Source Energy Partners LP’s previous quarterly dividend of $0.55.
New Source Energy Partners L.P. is engaged in the acquiring oil and natural gas properties in the United States.
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