Natural Resource Partners (NYSE:NRP) Upgraded at ValuEngine

Natural Resource Partners (NYSE:NRP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, ValuEngine reports.

NRP traded up $1.05 during trading on Monday, hitting $29.09. 8,200 shares of the company traded hands, compared to its average volume of 20,577. The company has a market cap of $354.19 million, a P/E ratio of 4.93 and a beta of -0.02. The stock has a 50-day moving average price of $32.52. Natural Resource Partners has a 1 year low of $26.10 and a 1 year high of $44.71. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.70 and a current ratio of 2.70.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Thursday, August 8th. The energy company reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $1.32. The company had revenue of $81.47 million during the quarter, compared to analysts’ expectations of $61.50 million. Natural Resource Partners had a net margin of 37.57% and a return on equity of 32.30%. Analysts anticipate that Natural Resource Partners will post 5.75 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avalon Advisors LLC purchased a new position in shares of Natural Resource Partners in the 1st quarter worth $211,000. First Trust Advisors LP purchased a new position in shares of Natural Resource Partners in the 2nd quarter worth $415,000. Catalyst Capital Advisors LLC purchased a new position in shares of Natural Resource Partners in the 2nd quarter worth $585,000. Russell Investments Group Ltd. grew its stake in shares of Natural Resource Partners by 14.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,866 shares of the energy company’s stock worth $598,000 after buying an additional 2,100 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Natural Resource Partners in the 1st quarter worth $915,000. 37.01% 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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