Natural Resource Partners (NRP) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Natural Resource Partners (NYSE:NRP) from a hold rating to a buy rating in a research report report published on Monday morning. Zacks Investment Research currently has $38.00 target price on the energy company’s stock.

According to Zacks, “In the last six months, Natural Resource Partners’ units have returned higher than the industry it belongs to. Natural Resource Partners is well poised to reap the benefits of improving metallurgical coal prices and President Trump’s decision to relax the stringent environmental regulations. The partnership is also lowering its debt burden, which will have a positive impact on its interest expenses. The improving fundamentals in the Aggregates market are likely to enhance partnership performance. However, the partnership depends on a few customers for coal royalty revenues, which could adverse impact its future performance. The partnership's ongoing dispute with Foresight Energy could lead to loss of another major customer and can adversely impact its coal royalty revenue.”

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Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Natural Resource Partners from a strong-buy rating to a buy rating in a report on Tuesday, January 9th. Stifel Nicolaus restated a hold rating and issued a $36.00 target price on shares of Natural Resource Partners in a report on Tuesday, January 16th.

Shares of Natural Resource Partners stock opened at $35.10 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 2.79. Natural Resource Partners has a 52-week low of $22.81 and a 52-week high of $35.94. The company has a market capitalization of $419.89, a PE ratio of 7.45 and a beta of 0.60.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Thursday, March 1st. The energy company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.32. Natural Resource Partners had a net margin of 32.67% and a return on equity of 39.34%. The firm had revenue of $101.10 million for the quarter, compared to analysts’ expectations of $90.03 million. analysts predict that Natural Resource Partners will post 4.62 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its stake in Natural Resource Partners by 306.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock worth $118,000 after acquiring an additional 3,594 shares during the period. Renaissance Technologies LLC purchased a new stake in Natural Resource Partners in the fourth quarter worth $923,000. Deutsche Bank AG purchased a new stake in Natural Resource Partners in the fourth quarter worth $923,000. JPMorgan Chase & Co. lifted its stake in Natural Resource Partners by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock worth $17,252,000 after acquiring an additional 41,231 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its stake in Natural Resource Partners by 20.6% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 827,710 shares of the energy company’s stock worth $21,520,000 after acquiring an additional 141,600 shares during the period. 28.26% of the stock is owned by institutional investors.

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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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