Surging Earnings Estimates Signal Good News for New Source Energy (NSLP)

New Source Energy Partners L.P. (NSLP), the Oil & Gas Drilling 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 could be a solid choice for investors.

Current Quarter Estimates for NSLP

While there is no upward estimates revision in the past 30 days for New Source Energy, the estimates increasing from 27 cents a share 30 days ago, to 30 cents per share today, a move of 11%.

Current Year Estimates for NSLP

Meanwhile, New Source Energy’s current year figures are also looking quite promising, with 1 estimate moved higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from $1 per share 30 days ago to $1.24 per share today, an increase of 24%.

Bottom Line

The stock has also started to move higher lately, adding 6.7% 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 #2 (Buy) stock to profit in the near future.

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


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