ValuEngine upgraded shares of Natural Resource Partners LP (NYSE:NRP) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Natural Resource Partners from a strong sell rating to a sell rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Natural Resource Partners from a sell rating to a hold rating in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $30.75.
Natural Resource Partners (NYSE NRP) traded down 1.10% during trading on Thursday, reaching $26.95. 24,093 shares of the company’s stock traded hands. Natural Resource Partners has a 12 month low of $16.60 and a 12 month high of $45.60. The firm has a 50 day moving average price of $27.72 and a 200-day moving average price of $32.97. The firm has a market cap of $329.65 million, a PE ratio of 4.59 and a beta of 0.65.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, May 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $1.64. The business had revenue of $88.70 million for the quarter, compared to the consensus estimate of $89.49 million. Natural Resource Partners had a net margin of 25.25% and a return on equity of 56.92%. On average, analysts forecast that Natural Resource Partners will post $6.81 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.80 annualized dividend and a dividend yield of 6.68%. This is an increase from Natural Resource Partners’s previous quarterly dividend of $0.35. Natural Resource Partners’s dividend payout ratio (DPR) is presently 30.46%.
Several institutional investors have recently added to or reduced their stakes in NRP. Chicago Partners Investment Group LLC increased its position in Natural Resource Partners by 1.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock valued at $147,000 after buying an additional 44 shares during the last quarter. Wedbush Securities Inc. increased its position in Natural Resource Partners by 1.8% in the first quarter. Wedbush Securities Inc. now owns 7,383 shares of the energy company’s stock valued at $267,000 after buying an additional 127 shares during the last quarter. Bank of America Corp DE increased its position in Natural Resource Partners by 5.5% in the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after buying an additional 790 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Natural Resource Partners during the second quarter valued at about $254,000. Finally, Marshall Wace North America L.P. acquired a new position in Natural Resource Partners during the second quarter valued at about $308,000. 21.59% of the stock is owned by hedge funds and other institutional investors.
Natural Resource Partners Company Profile
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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