Brokerages Set Natural Resource Partners LP (NRP) Price Target at $28.33
Natural Resource Partners LP (NYSE:NRP) has been assigned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.33.
Several research firms have recently weighed in on NRP. ValuEngine cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday. BidaskClub downgraded Natural Resource Partners from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research lowered Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus set a $31.00 target price on Natural Resource Partners and gave the company a “hold” rating in a research report on Wednesday, August 9th.
Natural Resource Partners (NYSE:NRP) traded up 2.2899% during mid-day trading on Friday, reaching $24.9076. 22,941 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $24.77 and a 200 day moving average price of $29.28. Natural Resource Partners has a 52-week low of $22.81 and a 52-week high of $45.60. The company has a market cap of $304.67 million, a PE ratio of 7.0083 and a beta of 0.66.
A number of hedge funds have recently modified their holdings of NRP. GSA Capital Partners LLP bought a new stake in Natural Resource Partners during the 2nd quarter worth about $254,000. Marshall Wace North America L.P. acquired a new position in shares of Natural Resource Partners during the 2nd quarter worth about $308,000. Bank of America Corp DE boosted its stake in shares of Natural Resource Partners by 5.5% during the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after buying an additional 790 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Natural Resource Partners during the 1st quarter worth about $2,607,000. Finally, Morgan Stanley boosted its stake in shares of Natural Resource Partners by 488.5% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.
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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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