Natural Resource Partners (NRP) Issues Quarterly Earnings Results

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 equities research analysts have issued reports on NRP shares. TheStreet raised Natural Resource Partners from a “c” rating to a “b-” rating in a report on Thursday, August 9th. Zacks Investment Research downgraded Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Monday, October 15th.

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.

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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.

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Earnings History for Natural Resource Partners (NYSE:NRP)

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