According to Zacks, “Natural Resource Partners is witnessing a steady erosion in coal royalty revenues given the weak fundamentals in the thermal and metallurgical coal markets. We believe coal-related companies like Natural Resource Partners will increasingly find the going tough due to the continuous decline in coal demand for electricity generation. Coal is being replaced by cheap natural gas and other alternate sources in the power sector. However, coal demand is expected to improve in 2017, as a warmer-than-normal summer in 2016 has led to heavy drawdowns of inventories at the utilities. As part of its strategy to focus on core operations, Natural Resource sold off its non-operated oil and gas working-interest assets. The partnership is also well placed to reap the benefits of the aggregates market from its VantaCore business.”
Shares of Natural Resource Partners (NYSE:NRP) opened at 29.65 on Wednesday. The company has a 50-day moving average price of $24.61 and a 200-day moving average price of $17.55. The company’s market capitalization is $362.68 million. Natural Resource Partners has a 52 week low of $5.00 and a 52 week high of $31.29.
Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $3.53. The firm earned $70.15 million during the quarter, compared to the consensus estimate of $88.10 million. Natural Resource Partners’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Analysts predict that Natural Resource Partners will post $6.52 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Natural Resource Partners by 5,572.6% in the second quarter. Acrospire Investment Management LLC now owns 12,196 shares of the company’s stock worth $175,000 after buying an additional 11,981 shares during the period. Wedbush Securities Inc. bought a new stake in Natural Resource Partners during the second quarter worth approximately $299,000. Capital Investment Advisors LLC boosted its stake in Natural Resource Partners by 4.6% in the second quarter. Capital Investment Advisors LLC now owns 20,872 shares of the company’s stock worth $300,000 after buying an additional 917 shares in the last quarter. KCG Holdings Inc. boosted its stake in Natural Resource Partners by 51.6% in the second quarter. KCG Holdings Inc. now owns 24,222 shares of the company’s stock worth $348,000 after buying an additional 8,249 shares in the last quarter. Finally, Centerbridge Partners L.P. bought a new stake in Natural Resource Partners during the second quarter worth approximately $444,000.
About Natural Resource Partners
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, crude oil and natural gas, construction aggregates, frac sand and other natural resources. The Company’s Coal, Hard Mineral Royalty and Other segment consists primarily of coal royalty, coal related transportation and processing assets, aggregate and industrial minerals royalty assets and timber.
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