Natural Resource Partners (NYSE:NRP) Cut to Buy at StockNews.com

Natural Resource Partners (NYSE:NRP) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Natural Resource Partners Trading Down 0.9 %

NRP traded down $0.85 during midday trading on Thursday, hitting $91.98. 31,693 shares of the company were exchanged, compared to its average volume of 26,440. The firm has a market capitalization of $1.19 billion, a P/E ratio of 6.79 and a beta of 0.51. Natural Resource Partners has a 1-year low of $64.04 and a 1-year high of $102.00. The firm’s 50 day moving average price is $92.01 and its 200-day moving average price is $91.18. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.36.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Tuesday, May 7th. The energy company reported $3.83 EPS for the quarter. The firm had revenue of $76.41 million for the quarter. Natural Resource Partners had a return on equity of 43.30% and a net margin of 62.93%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NRP. Ruedi Wealth Management Inc. bought a new position in shares of Natural Resource Partners in the 1st quarter worth about $51,000. PEAK6 Investments LLC bought a new position in shares of Natural Resource Partners in the 1st quarter worth about $207,000. Guyasuta Investment Advisors Inc. bought a new position in shares of Natural Resource Partners in the 4th quarter worth about $278,000. Stokes Family Office LLC bought a new position in shares of Natural Resource Partners in the 1st quarter worth about $518,000. Finally, MAS Advisors LLC raised its position in shares of Natural Resource Partners by 73.8% in the 1st quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after acquiring an additional 2,413 shares in the last quarter. 31.77% of the stock is owned by 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.