Natural Resource Partners (NRP) Announces Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Natural Resource Partners (NYSE:NRP) announced its quarterly earnings results on Thursday. The energy company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.21), MarketWatch Earnings reports. The company had revenue of $111.05 million for the quarter, compared to analysts’ expectations of $95.60 million. Natural Resource Partners had a net margin of 35.10% and a return on equity of 35.05%.

Shares of Natural Resource Partners opened at $31.55 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.84 and a quick ratio of 0.76. The company has a market cap of $390.03 million, a P/E ratio of 6.70 and a beta of 0.52. Natural Resource Partners has a twelve month low of $22.81 and a twelve month high of $37.70.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.71%. The ex-dividend date is Monday, August 6th. Natural Resource Partners’s dividend payout ratio is currently 38.22%.

Several research analysts recently weighed in on NRP shares. Zacks Investment Research upgraded Natural Resource Partners from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Monday, April 23rd. ValuEngine cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, TheStreet upgraded Natural Resource Partners from a “c” rating to a “b-” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

In related news, Director Paul B. Murphy, Jr. purchased 3,500 shares of Natural Resource Partners stock in a transaction that occurred on Thursday, June 7th. The stock was bought at an average cost of $32.31 per share, for a total transaction of $113,085.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 39.00% of the stock is currently owned by company insiders.

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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