Natural Resource Partners LP (NYSE:NRP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Natural Resource Partners is well poised to reap the benefits of improving metallurgical coal prices and President Trump’s decision to relax the stringent environmental regulations. Additionally, the strong natural gas prices have been helpful for the thermal coal industry. Natural Resource Partners depends on a few customers for coal royalty revenues, which could adverse impact its future performance. Rising competition in domestic and international space are headwinds. The partnership's dispute with Foresight Energy could lead to loss of another customer and can further impact its performance. Year to date loss in the units of Natural Resource Partners’ was wider than the industry.”
NRP has been the subject of several other research reports. ValuEngine lowered shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. BidaskClub lowered shares of Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus set a $31.00 price target on shares of Natural Resource Partners and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.33.
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Several hedge funds and other institutional investors have recently bought and sold shares of NRP. Morgan Stanley increased its holdings in shares of Natural Resource Partners by 488.5% during the first quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock worth $12,350,000 after buying an additional 283,574 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Natural Resource Partners by 64.6% during the second quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock worth $18,106,000 after buying an additional 257,912 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Natural Resource Partners by 16.7% during the second quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock worth $14,281,000 after buying an additional 74,138 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Natural Resource Partners during the second quarter worth approximately $308,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Natural Resource Partners during the second quarter worth approximately $254,000. 20.31% of the stock is owned by institutional investors.
Natural Resource Partners Company Profile
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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