Natural Resource Partners (NYSE:NRP) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• NRP stock crossed above its 200‑day moving average, trading as high as $117.80 (200‑day MA $112.05) and last at $116.34 on volume of 17,573 shares.
• Solid fundamentals and payout: quarterly EPS $2.27, net margin 65.16%, ROE 22.52%, P/E 11.59 and low debt/equity (0.03), plus a recently paid special dividend of $0.12 (payout ratio ~29.9%).
• Mixed analyst views but notable institutional buying: Wall Street Zen downgraded to Hold while Weiss reaffirmed Buy (MarketBeat average = Buy), and institutions including Morgan Stanley and Goldman Sachs have increased stakes (31.77% institutional ownership).

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $112.05 and traded as high as $117.80. Natural Resource Partners shares last traded at $116.34, with a volume of 17,573 shares.

Wall Street Analysts Forecast Growth

NRP has been the topic of several research analyst reports. Wall Street Zen cut shares of Natural Resource Partners from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Natural Resource Partners in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Natural Resource Partners has an average rating of "Buy".

Natural Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85. The company's 50 day moving average price is $121.65 and its 200 day moving average price is $112.05. The firm has a market capitalization of $1.54 billion, a P/E ratio of 11.59 and a beta of 0.26.

Natural Resource Partners (NYSE:NRP - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The energy company reported $2.27 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 declared a special dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 10th. Natural Resource Partners's dividend payout ratio is 29.88%.

Institutional Trading of Natural Resource Partners

Several hedge funds have recently modified their holdings of NRP. Corient Private Wealth LLC grew its stake in shares of Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock valued at $59,357,000 after purchasing an additional 616,478 shares during the last quarter. Saber Capital Managment LLC bought a new position in Natural Resource Partners in the fourth quarter valued at approximately $21,766,000. Morgan Stanley boosted its stake in Natural Resource Partners by 14.3% in the fourth quarter. Morgan Stanley now owns 1,006,232 shares of the energy company's stock valued at $105,051,000 after acquiring an additional 125,530 shares during the last quarter. Nitor Capital Management LLC bought a new position in Natural Resource Partners in the fourth quarter valued at approximately $6,703,000. Finally, Goldman Sachs Group Inc. boosted its stake in Natural Resource Partners by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company's stock valued at $78,111,000 after acquiring an additional 63,350 shares during the last quarter. 31.77% of the stock is owned by institutional investors.

About Natural Resource Partners

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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