Natural Resource Partners LP (NRP) Shares Down 4.3%
Natural Resource Partners LP (NYSE:NRP)’s share price dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as $17.63 and last traded at $17.65, with a volume of 51,262 shares trading hands. The stock had previously closed at $18.44.
Separately, Zacks Investment Research cut Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, July 11th.
The stock’s 50-day moving average is $21.64 and its 200-day moving average is $14.21.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Thursday, August 4th. The company reported $3.72 EPS for the quarter, topping the consensus estimate of $0.19 by $3.53. The business had revenue of $70.15 million for the quarter, compared to analyst estimates of $88.10 million. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities research analysts forecast that Natural Resource Partners LP will post $6.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.21%. The ex-dividend date of this dividend 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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