Natural Resource Partners LP (NYSE:NRP) – Investment analysts at Seaport Global Securities lowered their FY2017 EPS estimates for shares of Natural Resource Partners in a research note issued on Wednesday. Seaport Global Securities analyst M. Levin now forecasts 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.
Other research analysts also recently issued reports about the company. ValuEngine downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating on shares of Natural Resource Partners in a research note on Friday, October 13th. Zacks Investment Research upgraded Natural Resource Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.50.
Natural Resource Partners (NYSE NRP) opened at $25.95 on Monday. Natural Resource Partners has a one year low of $22.81 and a one year high of $45.60. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.46 and a current ratio of 0.89. The firm has a market capitalization of $317.42, a price-to-earnings ratio of 12.85 and a beta of 0.73.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.94%. Natural Resource Partners’s dividend payout ratio is currently 72.00%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 41,231 shares during the period. Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 74,138 shares during the period. Morgan Stanley lifted its position in Natural Resource Partners by 488.5% during the 1st quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock worth $12,350,000 after acquiring an additional 283,574 shares during the period. Bank of America Corp DE lifted its position in Natural Resource Partners by 5.5% during the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after acquiring an additional 790 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Natural Resource Partners during the 2nd quarter worth about $308,000. 20.31% of the stock is owned by institutional investors.
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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