Natural Resource Partners (NYSE:NRP) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Natural Resource Partners LP (NYSE:NRP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.98 and traded as high as $105.95. Natural Resource Partners shares last traded at $104.11, with a volume of 10,530 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Natural Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Natural Resource Partners Price Performance

The business has a fifty day moving average of $100.30 and a 200-day moving average of $99.98. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.35 billion, a PE ratio of 9.78 and a beta of 0.35.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, August 6th. The energy company reported $2.52 EPS for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.The business had revenue of $50.10 million during the quarter.

Natural Resource Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 19th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, August 19th. Natural Resource Partners’s payout ratio is presently 28.20%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its position in Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after buying an additional 616,478 shares in the last quarter. Rangeley Capital LLC purchased a new stake in Natural Resource Partners during the second quarter valued at about $1,156,000. HRT Financial LP raised its position in Natural Resource Partners by 45.2% during the second quarter. HRT Financial LP now owns 17,594 shares of the energy company’s stock valued at $1,680,000 after purchasing an additional 5,476 shares in the last quarter. BNP Paribas Financial Markets raised its position in Natural Resource Partners by 128.0% during the second quarter. BNP Paribas Financial Markets now owns 2,850 shares of the energy company’s stock valued at $272,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Progeny 3 Inc. raised its position in Natural Resource Partners by 4.3% during the second quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock valued at $28,897,000 after purchasing an additional 12,370 shares in the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.