Natural Resource Partners LP (NRP) Stock Price Down 2.5%
Natural Resource Partners LP (NYSE:NRP) shares were down 2.5% during trading on Wednesday . The stock traded as low as $24.73 and last traded at $25.43, with a volume of 57,443 shares traded. The stock had previously closed at $26.08.
Separately, Zacks Investment Research cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, June 10th.
The company has a 50-day moving average of $18.89 and a 200 day moving average of $12.74.
Natural Resource Partners (NYSE:NRP) last posted its earnings results on Friday, May 6th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.06 by $0.82. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business had revenue of $102.80 million for the quarter, compared to analyst estimates of $100.70 million. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Natural Resource Partners LP will post $5.07 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 given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.80 annualized dividend and a yield of 7.08%.
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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