Natural Resource Partners (NYSE:NRP) Stock Price Down 9.6% - Should You Sell?

Key Points

• Shares fell 9.6% in mid-day trading, last quoted around $106.53 after an intra-day low of $108.71, on about 22,359 shares traded—roughly 40% below average volume.
• Strong quarterly beat: the company reported $1.44 EPS (beating estimates by $1.19) and $47.18M revenue versus $37.80M expected, with a 65.16% net margin and 22.52% ROE.
• Analyst and shareholder context: Natural Resource Partners has a consensus "Buy" rating despite one downgrade, and recently paid a $0.12 special dividend (payout ratio ~29.9%).

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s stock price was down 9.6% during mid-day trading on Wednesday . The company traded as low as $108.71 and last traded at $106.5310. Approximately 22,359 shares changed hands during trading, a decline of 40% from the average daily volume of 37,419 shares. The stock had previously closed at $117.88.

Analysts Set New Price Targets

Several brokerages have recently commented on NRP. Weiss Ratings reiterated a "buy (b-)" rating on shares of Natural Resource Partners in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Natural Resource Partners from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Natural Resource Partners currently has a consensus rating of "Buy".

Natural Resource Partners Trading Down 2.1%

The firm has a market capitalization of $1.53 billion, a PE ratio of 11.50 and a beta of 0.19. The firm's fifty day moving average is $120.00 and its two-hundred day moving average is $112.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.25 by $1.19. The business had revenue of $47.18 million for the quarter, compared to analyst estimates of $37.80 million. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%.

Natural Resource Partners Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. Natural Resource Partners's payout ratio is currently 29.88%.

Institutional Trading of Natural Resource Partners

Several hedge funds have recently added to or reduced their stakes in NRP. Corient Private Wealth LLC raised its position 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 valued at $59,357,000 after purchasing an additional 616,478 shares during the period. Saber Capital Managment LLC bought a new stake in shares of Natural Resource Partners in the fourth quarter valued at approximately $21,766,000. Morgan Stanley raised its position in shares of 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 purchasing an additional 125,530 shares during the period. Nitor Capital Management LLC bought a new stake in shares of Natural Resource Partners in the fourth quarter valued at approximately $6,703,000. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 63,350 shares during the period. Institutional investors own 31.77% of the company's stock.

Natural Resource Partners Company Profile

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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