Natural Resource Partners LP (NRP) Trading Up 6.1%
Natural Resource Partners LP (NYSE:NRP) was up 6.1% during trading on Monday . The stock traded as high as $21.50 and last traded at $21.16, with a volume of 58,229 shares. The stock had previously closed at $19.94.
Separately, Zacks Investment Research downgraded shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, July 11th.
The stock’s 50-day moving average price is $20.48 and its 200-day moving average price is $13.42.
Natural Resource Partners (NYSE:NRP) last announced its earnings results on Thursday, August 4th. The company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $0.19 by $3.53. During the same period in the previous year, the company earned $0.28 earnings per share. The business had revenue of $70.15 million for the quarter, compared to analysts’ expectations of $88.10 million. Natural Resource Partners’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts expect that Natural Resource Partners LP will post $7.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date was 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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