Natural Resource Partners LP (NYSE:NRP) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Sunday.

Several other analysts also recently weighed in on the company. ValuEngine upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded Natural Resource Partners from a “sell” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.00.

Shares of Natural Resource Partners (NYSE NRP) traded up 3.41% during midday trading on Friday, hitting $28.85. 18,278 shares of the stock were exchanged. Natural Resource Partners has a 52-week low of $16.59 and a 52-week high of $45.60. The firm’s 50-day moving average is $28.89 and its 200 day moving average is $34.47. The firm has a market cap of $352.89 million, a PE ratio of 4.91 and a beta of 0.65.

Natural Resource Partners (NYSE:NRP) last released its earnings results on Wednesday, May 10th. The energy company reported $0.03 earnings per share 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 business had revenue of $88.70 million for the quarter, compared to the consensus estimate of $89.49 million. On average, analysts forecast that Natural Resource Partners will post $5.63 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in NRP. Bank of America Corp DE raised its position in shares of 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 in the last quarter. Morgan Stanley raised its position in shares of 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. Van ECK Associates Corp purchased a new position in shares of Natural Resource Partners during the first quarter valued at approximately $2,607,000. Chicago Partners Investment Group LLC raised its position in shares of 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. Finally, Wedbush Securities Inc. raised its position in shares of 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. Hedge funds and other institutional investors own 21.68% of the company’s stock.

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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