Natural Resource Partners LP (NYSE:NRP) – Stock analysts at Seaport Global Securities issued their Q1 2018 EPS estimates for Natural Resource Partners in a report released on Friday, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin expects that the energy company will post earnings per share of $1.26 for the quarter. Seaport Global Securities also issued estimates for Natural Resource Partners’ FY2020 earnings at $4.28 EPS.
Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Thursday, March 1st. The energy company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.32. The firm had revenue of $101.10 million during the quarter, compared to the consensus estimate of $90.03 million. Natural Resource Partners had a net margin of 32.67% and a return on equity of 39.34%.
NRP has been the subject of a number of other reports. ValuEngine downgraded shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Natural Resource Partners from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, January 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $36.00 price target on shares of Natural Resource Partners in a research report on Tuesday, January 16th.
Natural Resource Partners (NRP) traded down $0.01 during midday trading on Monday, hitting $30.24. 2,492 shares of the stock were exchanged, compared to its average volume of 27,553. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 2.79. Natural Resource Partners has a 52 week low of $22.81 and a 52 week high of $40.00. The firm has a market capitalization of $374.59, a P/E ratio of 8.69 and a beta of 0.66.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 valued at $17,252,000 after buying an additional 41,231 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in Natural Resource Partners by 1.1% during the third quarter. Maple Rock Capital Partners Inc. now owns 686,110 shares of the energy company’s stock valued at $16,981,000 after purchasing an additional 7,500 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Natural Resource Partners by 306.1% during the third quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock valued at $118,000 after purchasing an additional 3,594 shares in the last quarter. Deutsche Bank AG acquired a new position in Natural Resource Partners during the fourth quarter valued at approximately $923,000. Finally, Renaissance Technologies LLC acquired a new position in Natural Resource Partners during the fourth quarter valued at approximately $923,000. Institutional investors own 28.26% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a $0.45 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.95%. Natural Resource Partners’s payout ratio is 51.72%.
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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