Natural Resource Partners LP (NRP) Trading Down 4.3%
Natural Resource Partners LP (NYSE:NRP)’s share price dropped 4.3% during trading on Wednesday . The company traded as low as $17.63 and last traded at $17.65, with a volume of 51,262 shares changing hands. The stock had previously closed at $18.44.
Separately, Zacks Investment Research cut shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th.
The stock’s 50-day moving average is $21.55 and its 200 day moving average is $14.26.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results 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. The company earned $70.15 million during the quarter, compared to analysts’ expectations of $88.10 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Natural Resource Partners LP will post $6.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date 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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