Natural Resource Partners LP (NRP) Shares Down 5.5%
Natural Resource Partners LP (NYSE:NRP) shares traded down 5.5% during trading on Friday . The company traded as low as $21.05 and last traded at $21.47, with a volume of 51,598 shares changing hands. The stock had previously closed at $22.72.
Separately, Zacks Investment Research lowered Natural Resource Partners from a “hold” rating to a “strong sell” rating in a report on Monday, July 11th.
The company’s 50-day moving average price is $16.47 and its 200 day moving average price is $11.92.
Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, May 6th. The company reported $1.88 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 EPS. The firm earned $102.80 million during the quarter, compared to analyst estimates of $100.70 million. The company’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Natural Resource Partners LP will post $3.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.49%.
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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