Natural Resource Partners LP (NRP) Expected to Announce Earnings of $0.92 Per Share
Brokerages expect Natural Resource Partners LP (NYSE:NRP) to report earnings of $0.92 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Natural Resource Partners’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.94. Natural Resource Partners reported earnings per share of $1.26 during the same quarter last year, which indicates a negative year-over-year growth rate of 27%. The company is scheduled to announce its next earnings report on Monday, November 6th.
On average, analysts expect that Natural Resource Partners will report full year earnings of $2.72 per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.18 per share, with EPS estimates ranging from $3.90 to $4.47. Zacks’ EPS averages are an average based on a survey of analysts that cover Natural Resource Partners.
NRP has been the subject of several analyst reports. ValuEngine downgraded shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Stifel Nicolaus set a $31.00 target price on shares of Natural Resource Partners and gave the company a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub raised shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Natural Resource Partners has an average rating of “Hold” and a consensus price target of $30.75.
Shares of Natural Resource Partners (NYSE NRP) traded down 2.90% during midday trading on Wednesday, hitting $25.15. 26,716 shares of the company were exchanged. The stock has a market capitalization of $307.63 million, a price-to-earnings ratio of 4.28 and a beta of 0.65. Natural Resource Partners has a 52-week low of $16.59 and a 52-week high of $45.60. The company has a 50-day moving average price of $27.59 and a 200-day moving average price of $32.67.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.16%. This is an increase from Natural Resource Partners’s previous quarterly dividend of $0.35. Natural Resource Partners’s dividend payout ratio is currently 54.22%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased 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 worth $12,350,000 after buying an additional 283,574 shares in the last quarter. JPMorgan Chase & Co. increased its position in Natural Resource Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock worth $18,106,000 after buying an additional 257,912 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Natural Resource Partners by 16.7% in the second quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock worth $14,281,000 after buying an additional 74,138 shares in the last quarter. Van ECK Associates Corp bought a new position in Natural Resource Partners during the first quarter worth approximately $2,607,000. Finally, Marshall Wace North America L.P. bought a new position in Natural Resource Partners during the second quarter worth approximately $308,000. 21.61% of the stock is owned by institutional investors.
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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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