Natural Resource Partners (NYSE:NRP) announced its quarterly earnings results on Friday. The energy company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.10), MarketWatch Earnings reports. Natural Resource Partners had a net margin of 30.69% and a return on equity of 32.05%. The business had revenue of $95.02 million for the quarter, compared to analyst estimates of $97.10 million.
Natural Resource Partners stock traded up $0.40 during mid-day trading on Friday, hitting $33.65. 37,049 shares of the company’s stock traded hands, compared to its average volume of 56,528. Natural Resource Partners has a fifty-two week low of $24.06 and a fifty-two week high of $37.70. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market capitalization of $416.61 million, a price-to-earnings ratio of 7.14 and a beta of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.35%. The ex-dividend date is Tuesday, November 6th. Natural Resource Partners’s dividend payout ratio is 38.22%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Natural Resource Partners by 21.6% during the second quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock worth $564,000 after buying an additional 3,193 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Natural Resource Partners by 77.9% during the first quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock worth $226,000 after buying an additional 3,458 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Natural Resource Partners during the first quarter worth $245,000. CAPROCK Group Inc. acquired a new stake in shares of Natural Resource Partners during the second quarter worth $352,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Natural Resource Partners in the second quarter valued at about $511,000. 29.54% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Natural Resource Partners (NRP) Issues Quarterly Earnings Results” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/11/10/natural-resource-partners-nrp-issues-quarterly-earnings-results.html.
Natural Resource Partners Company Profile
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.
See Also: Stop Order
Receive News & Ratings for Natural Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.