Natural Resource Partners LP (NRP) Trading 6.2% Higher
Natural Resource Partners LP (NYSE:NRP) shares traded up 6.2% on Monday . The company traded as high as $22.30 and last traded at $21.82, with a volume of 50,822 shares trading hands. The stock had previously closed at $20.55.
Separately, Zacks Investment Research cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 10th.
The firm’s 50-day moving average price is $15.57 and its 200-day moving average price is $11.70.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results 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. The company had revenue of $102.80 million for the quarter, compared to analyst estimates of $100.70 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts forecast that Natural Resource Partners LP will post $3.55 earnings per share 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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