Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $110.73 and traded as high as $122.00. Natural Resource Partners shares last traded at $120.6250, with a volume of 15,654 shares.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on NRP shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Natural Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".
Check Out Our Latest Analysis on NRP
Natural Resource Partners Price Performance
The business's 50-day moving average price is $120.86 and its 200 day moving average price is $110.73. The company has a market capitalization of $1.60 billion, a P/E ratio of 12.01 and a beta of 0.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.03.
Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its earnings results on Friday, February 27th. The energy company reported $2.27 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%. The business had revenue of $48.40 million for the quarter.
Natural Resource Partners Dividend Announcement
The business also recently announced a special dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were given a $0.12 dividend. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners's payout ratio is 29.88%.
Institutional Trading of Natural Resource Partners
A number of hedge funds have recently bought and sold shares of NRP. NewEdge Advisors LLC lifted its holdings in shares of Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Arlington Trust Co LLC bought a new stake in Natural Resource Partners in the fourth quarter worth $104,000. Raymond James Financial Inc. bought a new stake in Natural Resource Partners in the second quarter worth $137,000. State of Wyoming boosted its position in Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company's stock valued at $196,000 after buying an additional 740 shares during the period. Finally, Novare Capital Management LLC purchased a new stake in Natural Resource Partners during the fourth quarter valued at about $204,000. Institutional investors own 31.77% of the company's stock.
Natural Resource Partners Company Profile
(
Get Free Report)
Natural Resource Partners LP NYSE: NRP is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.
NRP's U.S.
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