Natural Resource Partners LP (NYSE:NRP - Get Free Report) shares saw strong trading volume on Monday . 16,469 shares changed hands during trading, a decline of 41% from the previous session's volume of 27,730 shares.The stock last traded at $95.48 and had previously closed at $93.06.
Natural Resource Partners Stock Down 2.0%
The business has a fifty day moving average of $97.09 and a 200 day moving average of $101.32. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.26 billion, a P/E ratio of 9.37 and a beta of 0.27.
Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The energy company reported $2.97 EPS for the quarter. The company had revenue of $60.54 million during the quarter. Natural Resource Partners had a return on equity of 31.31% and a net margin of 66.17%.
Natural Resource Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, May 20th. Natural Resource Partners's payout ratio is presently 28.82%.
Hedge Funds Weigh In On Natural Resource Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in Natural Resource Partners during the 4th quarter worth $33,000. Larson Financial Group LLC bought a new stake in shares of Natural Resource Partners in the fourth quarter worth about $89,000. Pecaut & CO. acquired a new stake in shares of Natural Resource Partners during the fourth quarter worth about $755,000. Covestor Ltd raised its position in shares of Natural Resource Partners by 26.1% during the fourth quarter. Covestor Ltd now owns 773 shares of the energy company's stock worth $86,000 after purchasing an additional 160 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Natural Resource Partners by 90.1% during the 4th quarter. Jane Street Group LLC now owns 5,710 shares of the energy company's stock valued at $634,000 after purchasing an additional 2,707 shares in the last quarter. 31.77% of the stock is owned by institutional investors.
Natural Resource Partners Company Profile
(
Get Free Report)
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.
Further Reading
Before you consider Natural Resource Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Natural Resource Partners wasn't on the list.
While Natural Resource Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
