Natural Resource Partners LP (NRP) Shares Up 6.3%
Natural Resource Partners LP (NYSE:NRP)’s share price shot up 6.3% during trading on Tuesday . The stock traded as high as $18.15 and last traded at $18.01, with a volume of 63,707 shares. The stock had previously closed at $16.94.
Separately, Zacks Investment Research lowered shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Monday.
The stock’s 50-day moving average price is $14.59 and its 200 day moving average price is $11.45.
Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, May 6th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.82. During the same period in the prior year, the company posted $0.14 earnings per share. The business earned $102.80 million during the quarter, compared to the consensus estimate of $100.70 million. The firm’s revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Natural Resource Partners LP will post $3.55 EPS for the current 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.
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