Natural Resource Partners (NRP) Issues Earnings Results, Misses Estimates By $0.10 EPS

Natural Resource Partners (NYSE:NRP) released its quarterly earnings data 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. Natural Resource Partners had a return on equity of 32.05% and a net margin of 30.69%. The firm had revenue of $95.02 million during the quarter, compared to analyst estimates of $97.10 million.

Natural Resource Partners stock traded up $0.40 during trading hours on Friday, reaching $33.65. 37,049 shares of the company were exchanged, compared to its average volume of 56,528. The stock has a market capitalization of $416.61 million, a P/E ratio of 7.14 and a beta of 0.22. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.85. Natural Resource Partners has a 12 month low of $24.06 and a 12 month high of $37.70.

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

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in Natural Resource Partners by 77.9% during the first quarter. Royal Bank of Canada now owns 7,895 shares of the energy company’s stock worth $226,000 after purchasing an additional 3,458 shares during the period. LPL Financial LLC bought a new stake in Natural Resource Partners during the first quarter worth approximately $245,000. CAPROCK Group Inc. bought a new stake in Natural Resource Partners during the second quarter worth approximately $352,000. Kayne Anderson Capital Advisors LP bought a new stake in Natural Resource Partners during the second quarter worth approximately $511,000. Finally, Bank of America Corp DE boosted its position in Natural Resource Partners by 21.6% during the second quarter. Bank of America Corp DE now owns 17,971 shares of the energy company’s stock worth $564,000 after purchasing an additional 3,193 shares during the period. 29.54% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on NRP. TheStreet raised Natural Resource Partners from a “c” rating to a “b-” rating in a research report on Thursday, August 9th. Zacks Investment Research cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 15th.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/11/10/natural-resource-partners-nrp-issues-earnings-results-misses-estimates-by-0-10-eps.html.

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.

Read More: Why do companies issue stock splits?

Earnings History for Natural Resource Partners (NYSE:NRP)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit