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Earnings Estimates Moving Higher for New Source Energy Partners (NSLP): Time to Buy?

Zacks Equity Research

New Source Energy Partners L.P. (NSLP), an independent energy company, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NSLP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that New Source Energy Partners could be a solid choice for investors.

Current Quarter Estimates for NSLP

In the past 30 days, 1 estimate has moved higher for New Source Energy Partners while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 24 cents a share 30 days ago, to 29 cents per share today, a move of 20.8%.

Current Year Estimates for NSLP

While, there was no upward revision in the past 30 days for New Source Energy Partners’s current year figures. The consensus estimate trend has also remained flat for this time frame, at 76 cents per share.

Bottom Line

The stock has also started to move higher lately, adding 5.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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NEW SOURCE ENERGY PARTNERS LP (NSLP): Free Stock Analysis Report


Zacks Investment Research