Natural Resource Partners LP (NRP) Shares Down 11.2%
Natural Resource Partners LP (NYSE:NRP) shares traded down 11.2% during trading on Tuesday . The stock traded as low as $24.17 and last traded at $24.17, with a volume of 136,306 shares changing hands. The stock had previously closed at $27.21.
Separately, Zacks Investment Research upgraded shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a research report on Monday.
The firm’s 50 day moving average is $19.95 and its 200 day moving average is $13.16.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $3.53. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm earned $70.15 million during the quarter, compared to analyst estimates of $88.10 million. Natural Resource Partners’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Natural Resource Partners LP will post $5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend 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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