ValuEngine Lowers Natural Resource Partners LP (NYSE:NRP) to Buy
Natural Resource Partners LP (NYSE:NRP) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research lowered Natural Resource Partners from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.67.
Shares of Natural Resource Partners (NYSE NRP) traded down 1.64% during trading on Friday, hitting $27.00. 23,381 shares of the stock traded hands. The company has a market cap of $330.26 million, a price-to-earnings ratio of 4.60 and a beta of 0.65. The firm’s 50-day moving average price is $28.89 and its 200-day moving average price is $34.47. Natural Resource Partners has a 52 week low of $13.97 and a 52 week high of $45.60.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Wednesday, May 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by $1.64. Natural Resource Partners had a return on equity of 62.10% and a net margin of 22.86%. The company had revenue of $88.70 million for the quarter, compared to analyst estimates of $89.49 million. On average, equities research analysts anticipate that Natural Resource Partners will post $5.63 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Natural Resource Partners by 6,031.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,415 shares of the energy company’s stock valued at $143,000 after buying an additional 4,343 shares in the last quarter. Wedbush Securities Inc. boosted its position 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 in the last quarter. Chicago Partners Investment Group LLC boosted its position 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 in the last quarter. Van ECK Associates Corp purchased a new position in Natural Resource Partners during the first quarter valued at about $2,607,000. Finally, Morgan Stanley boosted its position 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 in the last quarter. Institutional investors and hedge funds own 21.68% of the company’s stock.
About Natural Resource Partners
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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