Insider Buying: Dennis F. Coker Buys 1,000 Shares of Natural Resource Stock (NRP)
Natural Resource (NYSE:NRP) VP Dennis F. Coker purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $13.47 per share, with a total value of $13,470.00. Following the completion of the transaction, the vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $33,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NRP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Natural Resource in a research note on Friday, May 9th. They now have a $16.00 price target on the stock.
Shares of Natural Resource (NYSE:NRP) traded up 1.02% during mid-day trading on Friday, hitting $13.90. 497,207 shares of the company’s stock traded hands. Natural Resource has a 52-week low of $12.78 and a 52-week high of $22.91. The stock’s 50-day moving average is $15.31 and its 200-day moving average is $16.72. The company has a market cap of $1.534 billion and a P/E ratio of 9.84.
Natural Resource (NYSE:NRP) last announced its earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $79.18 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. On average, analysts predict that Natural Resource will post $1.17 earnings per share for the current fiscal year.
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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