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New Source Energy Partners (NASDAQ:NSLP) declared a quarterly dividend on Monday, July 21st, AR Network reports. Stockholders of record on Friday, August 1st will be given a dividend of 0.585 per share on Friday, August 15th. This represents a $2.34 dividend on an annualized basis and a yield of 8.87%.

NSLP has been the subject of a number of recent research reports. Analysts at Wunderlich reiterated a “buy” rating on shares of New Source Energy Partners in a research note on Friday, June 27th. They now have a $28.00 price target on the stock, up previously from $25.00. On the ratings front, analysts at Zacks upgraded shares of New Source Energy Partners from a “neutral” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $27.60 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $26.12.

New Source Energy Partners (NASDAQ:NSLP) traded up 4.11% during mid-day trading on Monday, hitting $26.37. The stock had a trading volume of 312,584 shares. New Source Energy Partners has a 52 week low of $19.61 and a 52 week high of $25.70. The stock has a 50-day moving average of $23.7 and a 200-day moving average of $23.57. The company has a market cap of $415.1 million and a P/E ratio of 10.03.

New Source Energy Partners (NASDAQ:NSLP) last released its earnings data on Wednesday, May 14th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.25. On average, analysts predict that New Source Energy Partners will post $1.01 earnings per share for the current fiscal year.

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

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