Natural Resource Partners (NYSE:NRP) Share Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• NRP shares rose above their 200-day moving average, reaching $112.00 and last trading near $110.25, compared with the 200-day average of $108.38.
• Analysts maintain a “Hold” consensus, while Weiss Ratings modestly upgraded the stock from “hold (c)” to “hold (c+).”
• The company reported strong quarterly results, with EPS of $1.85 versus a $0.30 estimate and revenue of $52.97 million; it also pays a $3.00 annualized dividend, yielding approximately 2.7%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $108.38 and traded as high as $112.00. Natural Resource Partners shares last traded at $110.2450, with a volume of 9,916 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Natural Resource Partners Stock Performance

The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average price is $106.39 and its 200-day moving average price is $108.38. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.06 and a beta of 0.18.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $1.85 EPS for the quarter, topping the consensus estimate of $0.30 by $1.55. Natural Resource Partners had a net margin of 57.13% and a return on equity of 16.65%. The firm had revenue of $52.97 million for the quarter, compared to analyst estimates of $37.70 million.

Natural Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. Natural Resource Partners's payout ratio is 38.27%.

Insider Buying and Selling at Natural Resource Partners

In other news, EVP Gregory Wooten sold 2,200 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $110.89, for a total value of $243,958.00. Following the completion of the sale, the executive vice president directly owned 32,634 shares of the company's stock, valued at approximately $3,618,784.26. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 35.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Natural Resource Partners by 15.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,839 shares of the energy company's stock valued at $566,000 after buying an additional 795 shares during the last quarter. Bank of America Corp DE grew its position in shares of Natural Resource Partners by 48.2% during the first quarter. Bank of America Corp DE now owns 183,026 shares of the energy company's stock worth $22,146,000 after acquiring an additional 59,523 shares during the last quarter. Royal Bank of Canada grew its position in shares of Natural Resource Partners by 18.2% during the first quarter. Royal Bank of Canada now owns 18,335 shares of the energy company's stock worth $2,219,000 after acquiring an additional 2,828 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of Natural Resource Partners during the first quarter worth approximately $3,146,000. Finally, Morningstar Investment Management LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at $391,000. Institutional investors and hedge funds own 31.77% of the company's stock.

About Natural Resource Partners

Natural Resource Partners L.P. NYSE: NRP is a diversified natural resource company that owns, manages and leases mineral interests in the United States. Its portfolio includes rights related to coal, oil and natural gas, aggregates and other industrial minerals. Rather than generally operating mines or wells itself, the company leases its properties to third-party operators and receives royalty and other payments based on their production and use of the resources.

NRP's mineral interests are located across several major U.S.

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