$87.98 Million in Sales Expected for Natural Resource Partners LP (NRP) This Quarter
Equities analysts expect Natural Resource Partners LP (NYSE:NRP) to post sales of $87.98 million for the current quarter, according to Zacks. Two analysts have issued estimates for Natural Resource Partners’ earnings. The lowest sales estimate is $86.96 million and the highest is $89.00 million. Natural Resource Partners posted sales of $88.11 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.1%. The business is expected to announce its next earnings results on Monday, March 5th.
On average, analysts expect that Natural Resource Partners will report full-year sales of $87.98 million for the current fiscal year, with estimates ranging from $359.43 million to $365.90 million. For the next year, analysts forecast that the firm will report sales of $357.73 million per share, with estimates ranging from $354.55 million to $360.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Natural Resource Partners.
A number of equities analysts have issued reports on NRP shares. Stifel Nicolaus set a $31.00 price target on Natural Resource Partners and gave the stock a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. BidaskClub cut Natural Resource Partners from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in Natural Resource Partners in the 2nd quarter worth about $254,000. Marshall Wace North America L.P. bought a new position in Natural Resource Partners in the 2nd quarter worth about $308,000. Bank of America Corp DE boosted its stake in Natural Resource Partners by 5.5% in the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after purchasing an additional 790 shares during the period. Goldman Sachs Group Inc. boosted its stake in Natural Resource Partners by 16.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock worth $14,281,000 after purchasing an additional 74,138 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its position in shares of Natural Resource Partners by 1.1% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 686,110 shares of the energy company’s stock valued at $16,981,000 after acquiring an additional 7,500 shares during the last quarter. 20.89% of the stock is owned by institutional investors.
Natural Resource Partners (NYSE NRP) opened at $25.50 on Wednesday. Natural Resource Partners has a 52 week low of $22.81 and a 52 week high of $45.60. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $311.30, a P/E ratio of 12.60 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Monday, November 6th. Natural Resource Partners’s dividend payout ratio is presently 72.00%.
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, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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