Brokerages Expect Natural Resource Partners LP (NRP) to Announce $0.93 Earnings Per Share

Wall Street brokerages expect Natural Resource Partners LP (NYSE:NRP) to report $0.93 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Natural Resource Partners’ earnings. The highest EPS estimate is $1.01 and the lowest is $0.84. Natural Resource Partners posted earnings of $0.91 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The firm is expected to report its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Natural Resource Partners will report full-year earnings of $2.62 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will post earnings of $4.00 per share, with EPS estimates ranging from $3.52 to $4.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Natural Resource Partners.

NRP has been the topic of a number of research analyst reports. Zacks Investment Research raised Natural Resource Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Natural Resource Partners in a research report on Friday, October 13th. BidaskClub downgraded Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine downgraded Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of Natural Resource Partners by 16.7% in 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. GSA Capital Partners LLP bought a new stake in shares of Natural Resource Partners in the 2nd quarter worth approximately $254,000. JPMorgan Chase & Co. lifted its position in shares of Natural Resource Partners by 64.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock worth $18,106,000 after acquiring an additional 257,912 shares during the period. Morgan Stanley lifted its position in shares of Natural Resource Partners by 488.5% in 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. Finally, Marshall Wace North America L.P. bought a new stake in shares of Natural Resource Partners in the 2nd quarter worth approximately $308,000. Institutional investors own 20.89% of the company’s stock.

Shares of Natural Resource Partners (NRP) opened at $25.35 on Monday. The stock has a market capitalization of $310.08, a P/E ratio of 12.55 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 3.12. Natural Resource Partners has a fifty-two week low of $22.81 and a fifty-two week high of $45.60.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a $0.45 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.10%. Natural Resource Partners’s dividend payout ratio is currently 64.98%.

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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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