Weiss Ratings Reiterates Buy (B-) Rating for Natural Resource Partners (NYSE:NRP)

Key Points

• Weiss Ratings has reaffirmed a Buy (B-) rating for Natural Resource Partners (NYSE:NRP) following a recent research report.
• Natural Resource Partners reported an earnings per share (EPS) of $2.52 for the last quarter, with a revenue of $50.1 million.
• Insider activity showed VP Gregory F. Wooten sold 8,607 shares at approximately $100.24, reducing his ownership by 23.10%.

Natural Resource Partners (NYSE:NRP - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Natural Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Natural Resource Partners Price Performance

NRP traded up $0.06 on Wednesday, reaching $108.59. The stock had a trading volume of 464 shares, compared to its average volume of 23,358. The firm has a 50-day moving average of $103.58 and a 200-day moving average of $100.20. Natural Resource Partners has a fifty-two week low of $86.83 and a fifty-two week high of $113.04. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.21 and a beta of 0.29.

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

Insider Activity at Natural Resource Partners

In other news, VP Gregory F. Wooten sold 8,607 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the completion of the sale, the vice president directly owned 28,656 shares in the company, valued at approximately $2,872,477.44. This represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 35.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Natural Resource Partners

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in shares of 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 buying an additional 157 shares in the last quarter. Covestor Ltd raised its position in shares of Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock valued at $98,000 after purchasing an additional 167 shares during the period. Raymond James Financial Inc. bought a new position in Natural Resource Partners in the 2nd quarter worth approximately $137,000. Jump Financial LLC boosted its holdings 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 valued at $233,000 after purchasing an additional 184 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Natural Resource Partners by 128.0% during the second quarter. BNP Paribas Financial Markets now owns 2,850 shares of the energy company's stock valued at $272,000 after buying an additional 1,600 shares during the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

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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