Natural Resource Partners LP (NYSE:NRP) Expected to Announce Quarterly Sales of $93.37 Million
Analysts expect Natural Resource Partners LP (NYSE:NRP) to report sales of $93.37 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Natural Resource Partners’ earnings. The highest sales estimate is $95.80 million and the lowest is $90.93 million. Natural Resource Partners posted sales of $118.25 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 21%. The business is scheduled to report its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Natural Resource Partners will report full year sales of $93.37 million for the current year, with estimates ranging from $361.03 million to $366.10 million. For the next fiscal year, analysts anticipate that the business will report sales of $365.23 million per share, with estimates ranging from $361.90 million to $368.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Natural Resource Partners.
Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, May 10th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by $1.64. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $89.49 million. Natural Resource Partners had a return on equity of 62.10% and a net margin of 22.86%.
Several brokerages recently issued reports on NRP. Zacks Investment Research cut Natural Resource Partners from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. ValuEngine upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $34.67.
Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Natural Resource Partners by 5.5% in the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after buying an additional 790 shares during the last quarter. Morgan Stanley boosted its stake in Natural Resource Partners by 488.5% in the first quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock valued at $12,350,000 after buying an additional 283,574 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Natural Resource Partners during the first quarter valued at $2,607,000. Chicago Partners Investment Group LLC boosted its stake in Natural Resource Partners by 1.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock valued at $147,000 after buying an additional 44 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Natural Resource Partners by 1.8% in the first quarter. Wedbush Securities Inc. now owns 7,383 shares of the energy company’s stock valued at $267,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 21.68% of the company’s stock.
Natural Resource Partners (NRP) traded down 0.36% during trading on Friday, hitting $27.35. The company had a trading volume of 4,976 shares. Natural Resource Partners has a one year low of $13.97 and a one year high of $45.60. The company has a market capitalization of $334.55 million, a price-to-earnings ratio of 4.66 and a beta of 0.65. The stock has a 50-day moving average of $28.89 and a 200 day moving average of $34.47.
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Natural Resource Partners Company Profile
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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