Seaport Global Securities Equities Analysts Lift Earnings Estimates for Natural Resource Partners LP (NRP)
Natural Resource Partners LP (NYSE:NRP) – Stock analysts at Seaport Global Securities increased their FY2019 earnings per share estimates for shares of Natural Resource Partners in a report issued on Monday, November 12th. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings per share of $5.18 for the year, up from their prior estimate of $5.06. Seaport Global Securities also issued estimates for Natural Resource Partners’ FY2020 earnings at $5.32 EPS.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Monday, October 15th. TheStreet raised shares of Natural Resource Partners from a “c” rating to a “b-” rating in a report on Thursday, August 9th.
Natural Resource Partners (NYSE:NRP) last posted its earnings results on Friday, November 9th. The energy company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.10). The company had revenue of $95.02 million during the quarter, compared to the consensus estimate of $97.10 million. Natural Resource Partners had a return on equity of 31.96% and a net margin of 31.27%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be issued 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 5.33%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 38.22%.
Several hedge funds have recently bought and sold shares of NRP. Wells Fargo & Company MN grew its holdings in Natural Resource Partners by 30.6% during the 3rd quarter. Wells Fargo & Company MN now owns 197,614 shares of the energy company’s stock valued at $6,127,000 after buying an additional 46,338 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Natural Resource Partners during the 2nd quarter valued at about $1,400,000. Renaissance Technologies LLC boosted its position in shares of Natural Resource Partners by 332.3% during the 2nd quarter. Renaissance Technologies LLC now owns 56,474 shares of the energy company’s stock valued at $1,773,000 after acquiring an additional 43,411 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Natural Resource Partners by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 727,523 shares of the energy company’s stock valued at $22,553,000 after acquiring an additional 23,070 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP bought a new stake in shares of Natural Resource Partners during the 2nd quarter valued at about $511,000. 29.91% of the stock is owned by hedge funds and other institutional investors.
About Natural Resource Partners
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.
Further Reading: How to calculate the intrinsic value of a stock
Receive News & Ratings for Natural Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.