Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Natural Resource Partners LP (NYSE:NRP – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $103.94 and traded as high as $121.04. Natural Resource Partners shares last traded at $118.3950, with a volume of 72,273 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

View Our Latest Analysis on NRP

Natural Resource Partners Trading Up 0.9%

The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 10.84 and a beta of 0.20. The business has a 50 day moving average price of $105.57 and a 200-day moving average price of $103.94. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

Natural Resource Partners (NYSE:NRP – Get Free Report) last posted its earnings results on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%. The business had revenue of $49.93 million for the quarter.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 18th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after purchasing an additional 616,478 shares during the last quarter. Progeny 3 Inc. increased its position in Natural Resource Partners by 3.3% in the 3rd quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock valued at $32,815,000 after acquiring an additional 9,973 shares during the period. UBS Group AG raised its stake in shares of Natural Resource Partners by 5.9% during the third quarter. UBS Group AG now owns 214,771 shares of the energy company’s stock valued at $22,551,000 after purchasing an additional 12,055 shares in the last quarter. Solidarity Wealth LLC lifted its stake in shares of Natural Resource Partners by 5.7% in the 3rd quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company’s stock worth $20,690,000 after acquiring an additional 10,652 shares during the period. Finally, ING Groep NV boosted its stake in Natural Resource Partners by 33.4% during the 3rd quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock valued at $17,052,000 after purchasing an additional 40,700 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

(Get Free Report)

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.

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