Natural Resource Partners LP (NRP) Stock Price Up 5.2%
Natural Resource Partners LP (NYSE:NRP) shares rose 5.2% during mid-day trading on Monday . The stock traded as high as $25.69 and last traded at $25.65, with a volume of 77,500 shares traded. The stock had previously closed at $24.38.
Separately, Zacks Investment Research upgraded Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, May 16th.
The stock has a 50-day moving average of $18.57 and a 200 day moving average of $12.65.
Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, May 6th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.82. During the same period in the prior year, the company earned $0.14 EPS. The business had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.70 million. Natural Resource Partners’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts forecast that Natural Resource Partners LP will post $3.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend 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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