Natural Resource Partners LP (NRP) Expected to Post Earnings of $0.99 Per Share

Wall Street analysts expect Natural Resource Partners LP (NYSE:NRP) to report earnings of $0.99 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Natural Resource Partners’ earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $0.84. Natural Resource Partners reported earnings of $0.91 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The business is expected to report its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Natural Resource Partners will report full year earnings of $2.62 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $4.42 per share, with EPS estimates ranging from $3.52 to $5.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Natural Resource Partners.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, November 8th. The energy company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.33). The company had revenue of $93.29 million for the quarter, compared to analysts’ expectations of $89.63 million. Natural Resource Partners had a return on equity of 33.76% and a net margin of 28.46%.

Several equities research analysts have issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $36.00 target price on shares of Natural Resource Partners in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Natural Resource Partners from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 19th. Finally, ValuEngine downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th.

Hedge funds have recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its position in shares of Natural Resource Partners by 306.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock worth $118,000 after buying an additional 3,594 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Natural Resource Partners in the second quarter worth $254,000. Goldman Sachs Group Inc. raised its position in shares of 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. Maple Rock Capital Partners Inc. raised its position in shares of Natural Resource Partners by 1.1% in the third quarter. Maple Rock Capital Partners Inc. now owns 686,110 shares of the energy company’s stock worth $16,981,000 after buying an additional 7,500 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Natural Resource Partners by 6.3% in the third quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock worth $17,252,000 after buying an additional 41,231 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Shares of Natural Resource Partners (NRP) opened at $34.65 on Friday. The stock has a market capitalization of $428.12, a price-to-earnings ratio of 13.86 and a beta of 0.70. Natural Resource Partners has a 12-month low of $22.81 and a 12-month high of $45.60. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 3.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.19%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 72.00%.

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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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