Rhino Resource Partners Reaches New 52-Week High at $14.65 (RNO)
Rhino Resource Partners (NYSE:RNO) shares hit a new 52-week high on Monday , Analyst Ratings News reports. The stock traded as high as $14.65 and last traded at $14.44, with a volume of 85,746 shares traded. The stock had previously closed at $14.42.
A number of analysts have recently weighed in on RNO shares. Analysts at Zacks downgraded shares of Rhino Resource Partners from a “neutral” rating to an “underperform” rating in a research note on Monday, July 7th. They now have a $13.50 price target on the stock.
The stock has a 50-day moving average of $13.90 and a 200-day moving average of $13.10. The company has a market cap of $419.9 million and a P/E ratio of 3.10.
Rhino Resource Partners (NYSE:RNO) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.20. Analysts expect that Rhino Resource Partners will post $-0.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date of this dividend is Tuesday, July 29th.
Rhino Resource Partners LP (NYSE:RNO) was formed to control and operate coal properties and related assets.
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