Natural Resource Partners (NRP) Sets New 52-Week High at $37.94

Natural Resource Partners LP (NYSE:NRP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $37.94 and last traded at $37.77, with a volume of 4823 shares. The stock had previously closed at $37.34.

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Natural Resource Partners from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, November 29th. Zacks Investment Research lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.33.

The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $461.43 million, a P/E ratio of 8.13 and a beta of 0.26.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, November 9th. The energy company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.10). The company had revenue of $95.02 million during the quarter, compared to analyst estimates of $97.10 million. Natural Resource Partners had a return on equity of 31.96% and a net margin of 31.27%. On average, equities research analysts predict that Natural Resource Partners LP will post 4.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Tuesday, November 6th. Natural Resource Partners’s dividend payout ratio is currently 38.22%.

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Natural Resource Partners by 332.3% in the second quarter. Renaissance Technologies LLC now owns 56,474 shares of the energy company’s stock valued at $1,773,000 after buying an additional 43,411 shares during the period. Bank of America Corp DE lifted its stake 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 buying an additional 3,193 shares during the period. JPMorgan Chase & Co. lifted its stake in Natural Resource Partners by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 727,523 shares of the energy company’s stock valued at $22,553,000 after buying an additional 23,070 shares during the period. Royal Bank of Canada lifted its stake 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 buying an additional 3,458 shares during the period. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Natural Resource Partners in the second quarter valued at approximately $511,000. 30.66% of the stock is currently owned by institutional investors.

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Natural Resource Partners Company Profile (NYSE:NRP)

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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