Natural Resource Partners LP (NRP) Trading Up 6.3%
Shares of Natural Resource Partners LP (NYSE:NRP) were up 6.3% during mid-day trading on Tuesday . The company traded as high as $18.15 and last traded at $18.01, with a volume of 63,707 shares. The stock had previously closed at $16.94.
Separately, Zacks Investment Research downgraded shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 10th.
The stock’s 50 day moving average is $14.12 and its 200 day moving average is $11.34.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Friday, May 6th. The company reported $1.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.82. During the same period in the prior year, the business posted $0.14 EPS. The company earned $102.80 million during the quarter, compared to analysts’ expectations of $100.70 million. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Natural Resource Partners LP will post $3.55 EPS for the current fiscal year.
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, crude oil and natural gas, construction aggregates, frac sand and other natural resources. The Company’s Coal, Hard Mineral Royalty and Other segment consists primarily of coal royalty, coal related transportation and processing assets, aggregate and industrial minerals royalty assets and timber.
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