Natural Resource Partners LP (NRP) Stock Price Up 11.4%
Natural Resource Partners LP (NYSE:NRP)’s share price rose 11.4% during trading on Tuesday . The company traded as high as $22.79 and last traded at $22.75, with a volume of 71,373 shares. The stock had previously closed at $20.43.
Separately, Zacks Investment Research raised shares of Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, May 16th.
The stock’s 50 day moving average price is $17.06 and its 200 day moving average price is $12.07.
Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, May 6th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.82. The business earned $102.80 million during the quarter, compared to analysts’ expectations of $100.70 million. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts predict that Natural Resource Partners LP will post $3.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.68%. The ex-dividend date is Wednesday, August 3rd.
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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