Natural Resource Partners LP (NYSE:NRP) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.
A number of other brokerages also recently commented on NRP. BidaskClub raised Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research raised Natural Resource Partners from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Stifel Nicolaus set a $31.00 price target on Natural Resource Partners and gave the company a “hold” rating in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.50.
Shares of Natural Resource Partners (NYSE NRP) traded up $0.05 during trading on Thursday, hitting $25.95. The stock had a trading volume of 10,900 shares, compared to its average volume of 15,735. The company has a current ratio of 0.89, a quick ratio of 0.46 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $317.42, a P/E ratio of 12.85 and a beta of 0.73. Natural Resource Partners has a 12-month low of $22.81 and a 12-month high of $45.60.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in Natural Resource Partners by 5.5% during the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after purchasing an additional 790 shares during the period. GSA Capital Partners LLP bought a new position in Natural Resource Partners during the second quarter valued at $254,000. Marshall Wace North America L.P. bought a new position in Natural Resource Partners during the second quarter valued at $308,000. JPMorgan Chase & Co. grew its holdings in Natural Resource Partners by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock valued at $17,252,000 after purchasing an additional 41,231 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Natural Resource Partners by 16.7% during the second quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock valued at $14,281,000 after purchasing an additional 74,138 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.
About Natural Resource Partners
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.
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