Natural Resource Partners LP (NRP) Expected to Earn FY2016 Earnings of $6.80 Per Share
Natural Resource Partners LP (NYSE:NRP) – Research analysts at Seaport Global Securities issued their FY2016 EPS estimates for shares of Natural Resource Partners in a report issued on Wednesday. Seaport Global Securities analyst M. Levin forecasts that the brokerage will post earnings of $6.80 per share for the year. Seaport Global Securities has a “Neutral” rating and a $30.00 price target on the stock. Seaport Global Securities also issued estimates for Natural Resource Partners’ Q4 2016 earnings at $1.43 EPS, FY2017 earnings at $6.70 EPS and FY2018 earnings at $6.55 EPS.
Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.26. The business earned $97.90 million during the quarter, compared to the consensus estimate of $83.14 million. During the same period in the previous year, the business posted $0.23 EPS. Natural Resource Partners’s revenue was down 14.1% compared to the same quarter last year.
Separately, Zacks Investment Research raised shares of Natural Resource Partners from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research note on Thursday.
Natural Resource Partners (NYSE:NRP) opened at 36.45 on Friday. The company has a 50-day moving average of $29.33 and a 200 day moving average of $20.84. Natural Resource Partners has a 12 month low of $5.00 and a 12 month high of $37.90. The company’s market cap is $445.86 million.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Natural Resource Partners by 180.8% in the first quarter. UBS Group AG now owns 126,978 shares of the company’s stock worth $952,000 after buying an additional 81,757 shares during the last quarter. Capital Investment Advisors LLC boosted its position 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 during the last quarter. Arrow Investment Advisors LLC boosted its position in Natural Resource Partners by 44.1% in the second quarter. Arrow Investment Advisors LLC now owns 73,129 shares of the company’s stock worth $1,049,000 after buying an additional 22,376 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Natural Resource Partners during the second quarter worth about $299,000. Finally, Acrospire Investment Management LLC boosted 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 last quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, November 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Thursday, November 3rd.
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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