Natural Resource Partners LP (NRP) Stock Price Down 11.2%
Shares of Natural Resource Partners LP (NYSE:NRP) were down 11.2% on Tuesday . The company traded as low as $24.17 and last traded at $24.17, with a volume of 136,306 shares trading hands. The stock had previously closed at $27.21.
Separately, Zacks Investment Research raised Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, May 16th.
The company has a 50 day moving average price of $20.26 and a 200 day moving average price of $13.31.
Natural Resource Partners (NYSE:NRP) last issued its earnings results on Thursday, August 4th. The company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $3.53. The business had revenue of $70.15 million for the quarter, compared to the consensus estimate of $88.10 million. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. On average, equities research analysts predict that Natural Resource Partners LP will post $4.24 EPS for the current fiscal 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.50%. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.