ValuEngine Downgrades Natural Resource Partners (NYSE:NRP) to Sell

Natural Resource Partners (NYSE:NRP) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports.

NYSE NRP traded down $0.57 during trading hours on Thursday, hitting $28.05. 16,673 shares of the company traded hands, compared to its average volume of 13,366. The stock has a 50-day simple moving average of $34.31. Natural Resource Partners has a twelve month low of $27.52 and a twelve month high of $44.71. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.22. The stock has a market cap of $363.55 million, a PE ratio of 4.75 and a beta of -0.01.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Wednesday, May 8th. The energy company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.30 by $0.45. Natural Resource Partners had a return on equity of 28.75% and a net margin of 39.71%. The firm had revenue of $67.04 million during the quarter, compared to analysts’ expectations of $62.30 million. As a group, research analysts forecast that Natural Resource Partners will post 5.75 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Natural Resource Partners by 94.2% in the fourth quarter. Geode Capital Management LLC now owns 26,365 shares of the energy company’s stock valued at $1,008,000 after buying an additional 12,792 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Natural Resource Partners in the first quarter valued at approximately $915,000. First Trust Advisors LP acquired a new stake in shares of Natural Resource Partners in the second quarter valued at approximately $415,000. Finally, Avalon Advisors LLC acquired a new stake in shares of Natural Resource Partners in the first quarter valued at approximately $211,000. 37.17% of the stock is owned by institutional investors.

About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; aggregates and industrial minerals are located in the United States; oil and gas royalty assets located in Louisiana; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.

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