Natural Resource Partners (NYSE:NRP) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• NRP shares crossed above their 200-day moving average, reaching $113.85 and last trading at $113.4450 versus the $109.98 average.
• The company significantly beat quarterly expectations, reporting $1.85 in EPS versus the $0.30 consensus and $52.97 million in revenue versus estimates of $37.70 million.
• NRP maintains a “Hold” consensus rating and recently paid a $0.75 quarterly dividend, equivalent to $3.00 annually and a 2.6% yield.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $109.98 and traded as high as $113.85. Natural Resource Partners shares last traded at $113.4450, with a volume of 12,062 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Natural Resource Partners currently has a consensus rating of "Hold".

Natural Resource Partners Trading Up 0.0%

The company has a market capitalization of $1.50 billion, a P/E ratio of 14.47 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a fifty day moving average price of $102.49 and a 200-day moving average price of $109.98.

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

Natural Resource Partners Dividend Announcement

The firm 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 of this dividend was Tuesday, August 18th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Natural Resource Partners's dividend payout ratio (DPR) is currently 38.27%.

Insider Activity at Natural Resource Partners

In other news, EVP Gregory Wooten sold 2,200 shares of Natural Resource Partners stock in a transaction on Friday, August 28th. The stock was sold at an average price of $110.89, for a total transaction of $243,958.00. Following the sale, the executive vice president directly owned 32,634 shares in the company, valued at $3,618,784.26. The trade was a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 35.30% of the stock is owned by insiders.

Institutional Trading of Natural Resource Partners

A number of large investors have recently added to or reduced their stakes in NRP. NewEdge Advisors LLC raised its position in Natural Resource Partners by 144.0% in the second 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 period. Raymond James Financial Inc. bought a new position in shares of Natural Resource Partners during the 2nd quarter valued at approximately $137,000. Novare Capital Management LLC bought a new position in shares of Natural Resource Partners during the 4th quarter valued at approximately $204,000. O Brien Greene & Co. Inc purchased a new stake in shares of Natural Resource Partners during the 4th quarter worth approximately $209,000. Finally, Jump Financial LLC increased its stake in shares of Natural Resource Partners by 8.1% during the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock worth $233,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other 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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