Q3 2018 EPS Estimates for Natural Resource Partners LP Raised by Seaport Global Securities (NRP)

Natural Resource Partners LP (NYSE:NRP) – Stock analysts at Seaport Global Securities boosted their Q3 2018 earnings estimates for Natural Resource Partners in a research report issued on Monday, August 13th. Seaport Global Securities analyst M. Levin now forecasts that the energy company will post earnings of $1.40 per share for the quarter, up from their prior forecast of $1.22. Seaport Global Securities also issued estimates for Natural Resource Partners’ Q4 2018 earnings at $1.25 EPS, FY2019 earnings at $5.06 EPS and FY2020 earnings at $5.30 EPS.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Thursday, August 9th. The energy company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.21). The business had revenue of $111.05 million for the quarter, compared to the consensus estimate of $95.60 million. Natural Resource Partners had a return on equity of 32.05% and a net margin of 30.69%.

Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Natural Resource Partners from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, April 23rd. ValuEngine cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, TheStreet upgraded Natural Resource Partners from a “c” rating to a “b-” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.50.

Shares of NRP stock opened at $31.55 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.85. The firm has a market cap of $386.36 million, a PE ratio of 6.68 and a beta of 0.52. Natural Resource Partners has a 52 week low of $22.81 and a 52 week high of $37.70.

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Natural Resource Partners by 77.9% in the first quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock valued at $226,000 after acquiring an additional 3,458 shares during the last quarter. LPL Financial LLC bought a new position in Natural Resource Partners in the first quarter valued at about $245,000. CAPROCK Group Inc. bought a new position in Natural Resource Partners in the second quarter valued at about $352,000. Kayne Anderson Capital Advisors LP bought a new position in Natural Resource Partners in the second quarter valued at about $511,000. Finally, Bank of America Corp DE boosted its holdings in Natural Resource Partners by 21.6% in the second quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock valued at $564,000 after acquiring an additional 3,193 shares during the last quarter. Institutional investors and hedge funds own 29.74% of the company’s stock.

In other news, Director Paul B. Murphy, Jr. purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were acquired at an average price of $32.31 per share, for a total transaction of $113,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 35.30% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.71%. The ex-dividend date was Monday, August 6th. Natural Resource Partners’s dividend payout ratio is 38.22%.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.

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