Brokerages expect Natural Resource Partners LP (NYSE:NRP) to announce $90.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Natural Resource Partners’ earnings. The highest sales estimate is $91.05 million and the lowest is $89.00 million. Natural Resource Partners posted sales of $88.11 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, March 1st.
According to Zacks, analysts expect that Natural Resource Partners will report full year sales of $90.03 million for the current fiscal year, with estimates ranging from $365.90 million to $368.09 million. For the next fiscal year, analysts forecast that the business will report sales of $372.17 million per share, with estimates ranging from $360.90 million to $383.44 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Natural Resource Partners.
A number of research analysts have recently commented on NRP shares. ValuEngine cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research raised Natural Resource Partners from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $36.00 price target on shares of Natural Resource Partners in a research report on Tuesday, January 16th.
Natural Resource Partners (NYSE:NRP) opened at $29.20 on Friday. Natural Resource Partners has a 1 year low of $22.81 and a 1 year high of $45.60. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.85 and a current ratio of 0.89. The company has a market capitalization of $355.95, a price-to-earnings ratio of 14.41 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.16%. Natural Resource Partners’s dividend payout ratio (DPR) is 72.00%.
A number of institutional investors and hedge funds have recently modified their holdings of NRP. Chicago Partners Investment Group LLC lifted its holdings in Natural Resource Partners by 306.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock worth $118,000 after purchasing an additional 3,594 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Natural Resource Partners during the 2nd quarter worth about $254,000. Deutsche Bank AG purchased a new stake in Natural Resource Partners during the 4th quarter worth about $923,000. Renaissance Technologies LLC purchased a new stake in Natural Resource Partners during the 4th quarter worth about $923,000. Finally, Maple Rock Capital Partners Inc. lifted its holdings in Natural Resource Partners by 1.1% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 686,110 shares of the energy company’s stock worth $16,981,000 after purchasing an additional 7,500 shares in the last quarter. 22.55% of the stock is currently owned by institutional investors and hedge funds.
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About Natural Resource Partners
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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