Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Natural Resource Partners (NYSE:NRP) shares crossed above their 200-day moving average, with a last traded price of $106.00, reflecting positive trading activity.
• The company's recent performance reports show a net margin of 65.19% and earnings per share (EPS) of $2.52, indicating strong profitability.
• Several analyst upgrades have boosted NRP's rating, with Wall Street Zen raising it from "hold" to "buy", contributing to an overall average rating of "buy".

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $100.11 and traded as high as $108.71. Natural Resource Partners shares last traded at $106.00, with a volume of 15,533 shares changing hands.

Analyst Upgrades and Downgrades

NRP has been the subject of several research reports. Wall Street Zen raised shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Natural Resource Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Natural Resource Partners has an average rating of "Buy".

Natural Resource Partners Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.96 and a beta of 0.29. The stock's 50 day simple moving average is $103.86 and its 200-day simple moving average is $100.11.

Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The business had revenue of $50.10 million for the quarter.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Natural Resource Partners's dividend payout ratio is presently 28.20%.

Insider Transactions at Natural Resource Partners

In other Natural Resource Partners news, VP Gregory F. Wooten sold 8,607 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the transaction, the vice president owned 28,656 shares in the company, valued at approximately $2,872,477.44. This represents a 23.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 35.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its stake in shares of Natural Resource Partners by 12,329.6% in the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock worth $59,357,000 after acquiring an additional 616,478 shares during the period. Progeny 3 Inc. increased its stake in shares of Natural Resource Partners by 4.3% in the second quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company's stock worth $28,897,000 after acquiring an additional 12,370 shares during the period. Solidarity Wealth LLC increased its stake in shares of Natural Resource Partners by 13.0% in the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company's stock worth $17,802,000 after acquiring an additional 21,376 shares during the period. ING Groep NV increased its stake in shares of Natural Resource Partners by 16.0% in the first quarter. ING Groep NV now owns 108,910 shares of the energy company's stock worth $11,316,000 after acquiring an additional 15,000 shares during the period. Finally, Castalian Partners LLC increased its stake in shares of Natural Resource Partners by 13.9% in the second quarter. Castalian Partners LLC now owns 77,081 shares of the energy company's stock worth $7,362,000 after acquiring an additional 9,400 shares during the period. Institutional investors and hedge funds own 31.77% of the company's stock.

Natural Resource Partners Company Profile

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.

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