Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• NRP shares moved above their 200-day moving average, reaching $112.02 before last trading at $109.77, compared with a 200-day average of $110.43.
• The company reported a strong quarterly performance, with EPS of $1.85 versus the $0.30 estimate and revenue of $52.97 million versus expectations of $37.70 million.
• NRP maintains a quarterly dividend of $0.75, or $3.00 annually, yielding about 2.7%. Despite the price momentum and earnings beat, the analyst consensus remains “Hold.”

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $110.43 and traded as high as $112.02. Natural Resource Partners shares last traded at $109.77, with a volume of 76,780 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Natural Resource Partners Price Performance

The stock has a market cap of $1.45 billion, a PE ratio of 14.00 and a beta of 0.15. 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's 50 day moving average price is $100.82 and its two-hundred day moving average price is $110.43.

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, beating analysts' consensus estimates 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 company had revenue of $52.97 million for the quarter, compared to analysts' expectations of $37.70 million.

Natural Resource Partners Announces Dividend

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

Institutional Trading of Natural Resource Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in NRP. Royal Bank of Canada boosted its stake in Natural Resource Partners by 23.7% in the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company's stock worth $956,000 after purchasing an additional 1,761 shares during the period. Jump Financial LLC increased its position in shares of Natural Resource Partners by 8.1% during the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock valued at $233,000 after buying an additional 184 shares during the period. NewEdge Advisors LLC increased its position in shares of Natural Resource Partners by 144.0% during the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock valued at $25,000 after buying an additional 157 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Natural Resource Partners in the second quarter worth about $137,000. Finally, Progeny 3 Inc. lifted its holdings 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 buying an additional 12,370 shares in the last quarter. 31.77% of the stock is currently 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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