Natural Resource Partners (NYSE:NRP) issued its earnings results on Friday. The energy company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.10), MarketWatch Earnings reports. The firm had revenue of $95.02 million during the quarter, compared to analyst estimates of $97.10 million. Natural Resource Partners had a net margin of 30.69% and a return on equity of 32.05%.

Shares of NYSE NRP traded up $0.40 during trading hours on Friday, reaching $33.65. The stock had a trading volume of 37,049 shares, compared to its average volume of 56,528. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $416.61 million, a price-to-earnings ratio of 7.14 and a beta of 0.22. Natural Resource Partners has a twelve month low of $24.06 and a twelve month high of $37.70.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.35%. Natural Resource Partners’s payout ratio is 38.22%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Natural Resource Partners by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 727,523 shares of the energy company’s stock valued at $22,553,000 after purchasing an additional 23,070 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Natural Resource Partners by 30.6% in the third quarter. Wells Fargo & Company MN now owns 197,614 shares of the energy company’s stock valued at $6,127,000 after purchasing an additional 46,338 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Natural Resource Partners by 21.6% in the second quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock valued at $564,000 after purchasing an additional 3,193 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Natural Resource Partners by 332.3% in the second quarter. Renaissance Technologies LLC now owns 56,474 shares of the energy company’s stock valued at $1,773,000 after purchasing an additional 43,411 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Natural Resource Partners in the second quarter valued at $511,000. Institutional investors and hedge funds own 29.54% of the company’s stock.

A number of brokerages recently commented on NRP. Zacks Investment Research lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. TheStreet upgraded Natural Resource Partners from a “c” rating to a “b-” rating in a research note on Thursday, August 9th.

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Natural Resource Partners Company Profile

Natural Resource Partners L.P., through its subsidiaries, owns, operates, manages, and leases mineral properties in the United States. The company operates through three segments: Coal Royalty and Other; Soda Ash; and Construction Aggregates. It owns interests in coal, trona and soda ash, construction aggregates, and other natural resources.

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Earnings History for Natural Resource Partners (NYSE:NRP)

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