Natural Resource Partners LP (NYSE:NRP) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Natural Resource Partners LP (NYSE:NRP) from a strong sell rating to a sell rating in a research report sent to investors on Saturday, August 5th.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Natural Resource Partners from a sell rating to a hold rating in a research report on Thursday, July 13th. ValuEngine lowered Natural Resource Partners from a strong-buy rating to a buy rating in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $30.75.

Shares of Natural Resource Partners (NYSE:NRP) traded down 0.77% on Friday, hitting $25.90. The company’s stock had a trading volume of 18,972 shares. The firm has a market cap of $316.81 million, a price-to-earnings ratio of 4.41 and a beta of 0.65. The stock’s 50-day moving average price is $27.68 and its 200-day moving average price is $32.81. Natural Resource Partners has a 52 week low of $16.59 and a 52 week high of $45.60.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.80 annualized dividend and a yield of 6.90%. This is an increase from Natural Resource Partners’s previous quarterly dividend of $0.35. Natural Resource Partners’s dividend payout ratio (DPR) is presently 54.22%.

A number of hedge funds have recently made changes to their positions in NRP. Morgan Stanley increased its stake in shares of Natural Resource Partners by 488.5% in the first quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock valued at $12,350,000 after buying an additional 283,574 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Natural Resource Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock valued at $18,106,000 after buying an additional 257,912 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Natural Resource Partners by 16.7% in the second quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock valued at $14,281,000 after buying an additional 74,138 shares in the last quarter. Van ECK Associates Corp bought a new stake in Natural Resource Partners during the first quarter valued at $2,607,000. Finally, Marshall Wace North America L.P. bought a new stake in Natural Resource Partners during the second quarter valued at $308,000. 21.61% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

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, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.