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New Source Energy Partners LP (NASDAQ:NSLP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $25.10 price target on the stock. Zacks‘ price target suggests a potential upside of 4.50% from the stock’s previous close.

Shares of New Source Energy Partners LP (NASDAQ:NSLP) traded up 0.86% on Tuesday, hitting $24.74. 25,057 shares of the company’s stock traded hands. New Source Energy Partners LP has a one year low of $19.19 and a one year high of $25.00. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $21.66. The company has a market cap of $281.9 million and a price-to-earnings ratio of 383.28.

New Source Energy Partners LP (NASDAQ:NSLP) last announced its earnings results on Thursday, November 14th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.58. Analysts expect that New Source Energy Partners LP will post $0.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of 0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend is Wednesday, January 29th.

New Source Energy Partners L.P. is engaged in the acquiring oil and natural gas properties in the United States.

To view Zacks’ full report, visit www.zacks.com

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