Natural Resource Partners LP (NRP) Stock Price Down 5.5%
Natural Resource Partners LP (NYSE:NRP)’s share price traded down 5.5% during mid-day trading on Friday . The stock traded as low as $21.05 and last traded at $21.47, with a volume of 51,598 shares changing hands. The stock had previously closed at $22.72.
Separately, Zacks Investment Research cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 10th.
The stock’s 50-day moving average is $16.47 and its 200 day moving average is $11.92.
Natural Resource Partners (NYSE:NRP) last released its earnings results on Friday, May 6th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.82. The business earned $102.80 million during the quarter, compared to analyst estimates of $100.70 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Natural Resource Partners LP will post $3.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.80 annualized dividend and a yield of 8.49%.
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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