Natural Resource Partners LP (NRP) Trading 6.2% Higher
Shares of Natural Resource Partners LP (NYSE:NRP) traded up 6.2% during trading on Monday . The stock traded as high as $22.30 and last traded at $21.82, with a volume of 50,822 shares trading hands. The stock had previously closed at $20.55.
Separately, Zacks Investment Research cut shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 11th.
The stock has a 50-day moving average price of $15.12 and a 200 day moving average price of $11.57.
Natural Resource Partners (NYSE:NRP) last issued its 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. The business had revenue of $102.80 million for the quarter, compared to analyst estimates of $100.70 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts expect that Natural Resource Partners LP will post $3.55 EPS for the current 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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