Natural Resource Stock Rating Lowered by Hilliard Lyons (NRP)
Natural Resource (NYSE:NRP) was downgraded by equities researchers at Hilliard Lyons to an “underperform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Natural Resource (NYSE:NRP) traded down 17.55% during mid-day trading on Friday, hitting $16.77. 3,334,164 shares of the company’s stock traded hands. 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 $1.842 billion and a price-to-earnings ratio of 12.21.
Natural Resource (NYSE:NRP) last released its earnings data 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.
Several other analysts have also recently commented on the stock. 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. 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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