Natural Resource Partners LP (NYSE:NRP) Announces Quarterly Earnings Results
Natural Resource Partners LP (NYSE:NRP) issued its quarterly earnings data on Tuesday. The energy company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.12, reports. Natural Resource Partners had a net margin of 22.86% and a return on equity of 62.10%.
Shares of Natural Resource Partners (NRP) traded down 5.11% on Tuesday, hitting $26.90. 16,383 shares of the stock traded hands. The stock has a market cap of $329.04 million, a price-to-earnings ratio of 4.58 and a beta of 0.65. The stock has a 50 day moving average price of $27.73 and a 200-day moving average price of $33.40. Natural Resource Partners has a 52 week low of $16.59 and a 52 week high of $45.60.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from Natural Resource Partners’s previous quarterly dividend of $0.35. This represents a $1.80 annualized dividend and a dividend yield of 6.35%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 30.46%.
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Several brokerages have issued reports on NRP. BidaskClub upgraded shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine cut shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.00.
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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