Natural Resource Partners (NYSE:NRP) Stock Rating Lowered by ValuEngine

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Natural Resource Partners (NYSE:NRP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Shares of NYSE NRP opened at $32.71 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market cap of $401.03 million and a price-to-earnings ratio of 5.54. The firm’s 50-day moving average is $36.52. Natural Resource Partners has a 52 week low of $28.40 and a 52 week high of $44.71.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Wednesday, May 8th. The energy company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.45. Natural Resource Partners had a return on equity of 28.75% and a net margin of 39.71%. The firm had revenue of $67.04 million during the quarter, compared to the consensus estimate of $62.30 million. As a group, analysts predict that Natural Resource Partners will post 5.75 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Avalon Advisors LLC bought a new stake in Natural Resource Partners during the 1st quarter valued at approximately $211,000. Hsbc Holdings PLC bought a new stake in Natural Resource Partners during the 4th quarter valued at approximately $260,000. Bank of Montreal Can bought a new stake in Natural Resource Partners during the 1st quarter valued at approximately $915,000. Geode Capital Management LLC boosted its stake in Natural Resource Partners by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 26,365 shares of the energy company’s stock valued at $1,008,000 after purchasing an additional 12,792 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Natural Resource Partners by 23.4% during the 4th quarter. California Public Employees Retirement System now owns 30,810 shares of the energy company’s stock valued at $1,178,000 after purchasing an additional 5,844 shares during the period. Hedge funds and other institutional investors own 37.32% of the company’s stock.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; aggregates and industrial minerals are located in the United States; oil and gas royalty assets located in Louisiana; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.

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