Natural Resource Partners LP (NRP) Shares Up 6.1%
Natural Resource Partners LP (NYSE:NRP)’s share price shot up 6.1% during mid-day trading on Monday . The stock traded as high as $21.50 and last traded at $21.16, with a volume of 58,229 shares trading hands. The stock had previously closed at $19.94.
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’s 50-day moving average is $20.81 and its 200-day moving average is $13.58.
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 last year, the company earned $0.28 earnings per share. The firm earned $70.15 million during the quarter, compared to analysts’ expectations of $88.10 million. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Natural Resource Partners LP will post $6.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend was 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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