Natural Resource Downgraded by Stifel Nicolaus to “Hold” (NRP)
Natural Resource (NYSE:NRP) was downgraded by equities researchers at Stifel Nicolaus to a “hold” rating in a research report issued on Friday, American Banking & Market News reports.
Shares of Natural Resource (NYSE:NRP) opened at 20.34 on Friday. Natural Resource has a 52 week low of $18.98 and a 52 week high of $24.37. The stock’s 50-day moving average is $19.89 and its 200-day moving average is $20.12. The company has a market cap of $2.234 billion and a P/E ratio of 12.21.
Natural Resource (NYSE:NRP) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.04. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $85.45 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that Natural Resource will post $1.47 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a dividend of 0.35 per share. The ex-dividend date is Thursday, January 16th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Natural Resource in a research note to investors on Tuesday, November 19th. They now have a $21.00 price target on the stock.
Natural Resource Partners L.P. is a limited partnership engaged principally in the business of owning and managing coal properties in the three coal-producing regions of the United States: Appalachia, the Illinois Basin and the Western United States.
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