Natural Resource Partners LP (NRP) Sees Strong Trading Volume
Natural Resource Partners LP (NYSE:NRP) saw unusually-high trading volume on Tuesday . Approximately 92,584 shares traded hands during trading, an increase of 15% from the previous session’s volume of 80,173 shares.The stock last traded at $26.35 and had previously closed at $27.46.
Separately, Zacks Investment Research upgraded shares of Natural Resource Partners from a “strong sell” rating to a “hold” rating in a report on Monday, May 16th.
The company has a 50 day moving average price of $18.57 and a 200 day moving average price of $12.65.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Friday, May 6th. The company reported $1.88 EPS 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. During the same quarter in the prior year, the company posted $0.14 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts expect that Natural Resource Partners LP will post $3.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.80 annualized dividend and a dividend yield of 6.90%.
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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