Natural Resource Partners LP (NRP) Shares Up 5.2%
Natural Resource Partners LP (NYSE:NRP) shares shot up 5.2% during trading on Monday . The stock traded as high as $25.69 and last traded at $25.65, with a volume of 77,500 shares. The stock had previously closed at $24.38.
Separately, Zacks Investment Research lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 10th.
The stock has a 50 day moving average of $17.86 and a 200-day moving average of $12.33.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Friday, May 6th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.82. The firm had revenue of $102.80 million for 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. During the same period in the previous year, the business earned $0.14 EPS. On average, equities analysts forecast that Natural Resource Partners LP will post $3.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.55%. The ex-dividend date is 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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