Zacks: Analysts Expect Natural Resource Partners LP (NRP) Will Announce Quarterly Sales of $90.03 Million

Analysts expect that Natural Resource Partners LP (NYSE:NRP) will post $90.03 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Natural Resource Partners’ earnings, with the highest sales estimate coming in at $91.05 million and the lowest estimate coming in at $89.00 million. Natural Resource Partners reported sales of $88.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Natural Resource Partners will report full year sales of $90.03 million for the current year, with estimates ranging from $365.90 million to $368.09 million. For the next year, analysts anticipate that the business will report sales of $372.17 million per share, with estimates ranging from $360.90 million to $383.44 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for 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 analysts’ consensus estimates of $0.92 by ($0.33). The firm had revenue of $93.29 million for the quarter, compared to analyst estimates of $89.63 million. Natural Resource Partners had a net margin of 26.38% and a return on equity of 34.32%.

A number of research analysts have issued reports on NRP shares. Zacks Investment Research raised shares of Natural Resource Partners from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, January 19th. Stifel Nicolaus reissued a “hold” rating on shares of Natural Resource Partners in a research note on Friday, October 13th. Finally, ValuEngine lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd.

Several hedge funds have recently added to or reduced their stakes in NRP. GSA Capital Partners LLP bought a new stake in shares of Natural Resource Partners during the 2nd quarter worth about $254,000. Goldman Sachs Group Inc. raised its position in shares of Natural Resource Partners by 16.7% during the 2nd 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. JPMorgan Chase & Co. raised its position in shares of Natural Resource Partners by 6.3% during the 3rd 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. Maple Rock Capital Partners Inc. raised its position in shares of Natural Resource Partners by 1.1% during the 3rd 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, Chicago Partners Investment Group LLC raised its position in shares of Natural Resource Partners by 306.1% during the 3rd 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. Institutional investors own 22.57% of the company’s stock.

Natural Resource Partners (NYSE:NRP) opened at $31.05 on Tuesday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market cap of $423.84, a PE ratio of 17.15 and a beta of 0.70. Natural Resource Partners has a one year low of $22.81 and a one year high of $45.60.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.80%. Natural Resource Partners’s dividend payout ratio (DPR) is 72.00%.

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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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