Natural Resource Partners (NRP) Releases Earnings Results, Misses Expectations By $0.10 EPS

Natural Resource Partners (NYSE:NRP) announced its quarterly earnings results on Friday. The energy company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $95.02 million during the quarter, compared to analyst estimates of $97.10 million. Natural Resource Partners had a net margin of 30.69% and a return on equity of 32.05%.

Shares of NYSE:NRP traded up $0.40 during mid-day trading on Friday, reaching $33.65. The stock had a trading volume of 37,049 shares, compared to its average volume of 56,528. The company has a market capitalization of $416.61 million, a price-to-earnings ratio of 7.14 and a beta of 0.22. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.10 and a quick ratio of 1.03. Natural Resource Partners has a twelve month low of $24.06 and a twelve month high of $37.70.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.35%. Natural Resource Partners’s dividend payout ratio is 38.22%.

A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. TheStreet upgraded shares of Natural Resource Partners from a “c” rating to a “b-” rating in a research report on Thursday, August 9th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in shares of Natural Resource Partners by 77.9% during the 1st quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock worth $226,000 after acquiring an additional 3,458 shares in the last quarter. LPL Financial LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth approximately $245,000. CAPROCK Group Inc. bought a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $352,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Natural Resource Partners during the 2nd quarter worth approximately $511,000. Finally, Bank of America Corp DE grew its stake in shares of Natural Resource Partners by 21.6% during the 2nd quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock worth $564,000 after acquiring an additional 3,193 shares in the last quarter. 29.54% of the stock is owned by institutional investors and hedge funds.

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About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.

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Earnings History for Natural Resource Partners (NYSE:NRP)

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