Natural Resource Partners LP (NRP) Sees Strong Trading Volume
Natural Resource Partners LP (NYSE:NRP) saw unusually-high trading volume on Wednesday . Approximately 212,412 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 97,579 shares.The stock last traded at $21.17 and had previously closed at $24.16.
Separately, Zacks Investment Research cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 10th.
The stock has a 50 day moving average of $20.26 and a 200-day moving average of $13.31.
Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $3.53. During the same period in the previous year, the business earned $0.28 EPS. The business earned $70.15 million during the quarter, compared to analyst estimates of $88.10 million. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Natural Resource Partners LP will post $4.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be given a $0.45 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.50%.
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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