Natural Resource Reaches New 12-Month Low at $16.61 (NRP)
Shares of Natural Resource (NYSE:NRP) hit a new 52-week low on Friday, AnalystRatingsNetwork reports. The company traded as low as $16.61 and last traded at $16.64, with a volume of 3,268,121 shares trading hands. The stock had previously closed at $20.34.
A number of research firms have recently commented on NRP. Analysts at Hilliard Lyons downgraded shares of Natural Resource to an “underperform” rating in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus downgraded shares of Natural Resource from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, 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 has a one year low of $16.60 and a one year high of $24.37. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $20.09. The company has a market cap of $1.823 billion and a P/E ratio of 12.17.
Natural Resource (NYSE:NRP) last announced its earnings results on Tuesday, November 5th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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 last year, the company posted $0.48 earnings per share. Natural Resource’s revenue was down 12.7% compared to the same quarter last year. On average, analysts predict that Natural Resource will post $1.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend is Thursday, January 16th.
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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