Natural Resource Partners (NYSE:NRP) Reaches New 12-Month High at $69.69

Shares of Natural Resource Partners L.P. (NYSE:NRP) hit a new 52-week high on Wednesday . The company traded as high as $69.69 and last traded at $69.69, with a volume of 54005 shares changing hands. The stock had previously closed at $65.14.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Natural Resource Partners in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Natural Resource Partners Trading Up 9.3 %

The firm has a market cap of $962.92 million, a PE ratio of 5.97 and a beta of 0.36. The business has a 50-day moving average price of $62.91 and a two-hundred day moving average price of $55.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.99.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Friday, August 4th. The energy company reported $2.49 EPS for the quarter. The firm had revenue of $91.26 million during the quarter. Natural Resource Partners had a return on equity of 49.06% and a net margin of 57.57%.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 16th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Tuesday, August 15th. Natural Resource Partners’s dividend payout ratio is presently 23.49%.

Institutional Trading of Natural Resource Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRP. First Trust Advisors LP purchased a new stake in Natural Resource Partners during the 3rd quarter worth about $2,787,000. BNP Paribas Arbitrage SA boosted its stake in Natural Resource Partners by 360.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 77,722 shares of the energy company’s stock worth $3,322,000 after buying an additional 60,859 shares during the last quarter. LPL Financial LLC acquired a new stake in Natural Resource Partners in the 2nd quarter worth about $1,556,000. Yaupon Capital Management LP acquired a new stake in Natural Resource Partners in the 2nd quarter worth about $1,350,000. Finally, Mudita Advisors LLP acquired a new stake in Natural Resource Partners in the 4th quarter worth about $1,191,000. Hedge funds and other institutional investors own 34.26% of the company’s stock.

Natural Resource Partners Company Profile

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