Natural Resource Partners LP (NRP) Stock Price Down 7.7%
Shares of Natural Resource Partners LP (NYSE:NRP) fell 7.7% during trading on Wednesday . The stock traded as low as $18.15 and last traded at $18.26, with a volume of 57,268 shares trading hands. The stock had previously closed at $19.78.
Separately, Zacks Investment Research raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
The company’s 50 day moving average is $21.46 and its 200-day moving average is $13.93.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Thursday, August 4th. The company reported $3.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $3.53. The business had revenue of $70.15 million for the quarter, compared to analyst estimates of $88.10 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts predict that Natural Resource Partners LP will post $6.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were issued a $0.45 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $1.80 annualized dividend and a yield of 9.85%.
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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