Natural Resource Partners (NYSE:NRP) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Natural Resource Partners (NYSE:NRP) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

NRP traded down $0.49 on Thursday, reaching $27.56. 1,537 shares of the company traded hands, compared to its average volume of 16,381. Natural Resource Partners has a one year low of $27.52 and a one year high of $44.71. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $339.97 million, a P/E ratio of 4.72 and a beta of -0.01. The firm has a fifty day moving average price of $34.31.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Wednesday, May 8th. The energy company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.30 by $0.45. Natural Resource Partners had a net margin of 39.71% and a return on equity of 28.75%. The business had revenue of $67.04 million during the quarter, compared to analyst estimates of $62.30 million. Equities research analysts expect that Natural Resource Partners will post 5.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Tuesday, August 6th. Natural Resource Partners’s payout ratio is currently 30.51%.

Several institutional investors have recently modified their holdings of NRP. Bank of Montreal Can purchased a new position in shares of Natural Resource Partners in the 1st quarter worth approximately $915,000. Geode Capital Management LLC grew its position in shares of Natural Resource Partners by 94.2% in the 4th quarter. Geode Capital Management LLC now owns 26,365 shares of the energy company’s stock worth $1,008,000 after buying an additional 12,792 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Natural Resource Partners in the 2nd quarter worth approximately $415,000. Finally, Avalon Advisors LLC purchased a new position in shares of Natural Resource Partners in the 1st quarter worth approximately $211,000. 37.01% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; aggregates and industrial minerals are located in the United States; oil and gas royalty assets located in Louisiana; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.

Further Reading: Lock-Up Period Expiration

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