Natural Resource Partners LP (NYSE:NRP) – Equities researchers at Seaport Global Securities reduced their FY2017 earnings per share estimates for shares of Natural Resource Partners in a research note issued on Wednesday. Seaport Global Securities analyst M. Levin now expects that the energy company will earn $2.62 per share for the year, down from their prior forecast of $2.72. Seaport Global Securities also issued estimates for Natural Resource Partners’ Q4 2017 earnings at $0.84 EPS.
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NRP has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Stifel Nicolaus set a $31.00 price objective on shares of Natural Resource Partners and gave the company a “hold” rating in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.50.
Natural Resource Partners (NYSE NRP) opened at $26.00 on Monday. 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 stock has a market cap of $317.42, a PE ratio of 12.85 and a beta of 0.73. Natural Resource Partners has a 52-week low of $22.81 and a 52-week high of $45.60.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date was Monday, November 6th. Natural Resource Partners’s dividend payout ratio is presently 72.00%.
Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Natural Resource Partners in the second quarter valued at approximately $254,000. Marshall Wace North America L.P. acquired a new position in shares of Natural Resource Partners in the second quarter valued at approximately $308,000. Bank of America Corp DE raised its position in shares of Natural Resource Partners by 5.5% in the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock valued at $549,000 after buying an additional 790 shares during the last quarter. Morgan Stanley raised its position in shares of Natural Resource Partners by 488.5% in the first quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock valued at $12,350,000 after buying an additional 283,574 shares during the last quarter. Finally, 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 valued at $14,281,000 after buying an additional 74,138 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.
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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