Natural Resource Partners LP (NRP) Sees Strong Trading Volume
Natural Resource Partners LP (NYSE:NRP) shares saw unusually-high trading volume on Wednesday . Approximately 86,418 shares were traded during trading, an increase of 22% from the previous session’s volume of 71,090 shares.The stock last traded at $17.00 and had previously closed at $15.05.
Separately, Zacks Investment Research downgraded Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Friday, June 10th.
The stock’s 50-day moving average price is $13.63 and its 200 day moving average price is $11.23.
Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, May 6th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.82. During the same period last year, the business posted $0.14 earnings per share. The company had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.70 million. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Natural Resource Partners LP will post $3.55 earnings per share for the current fiscal year.
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.