Natural Resource Partners LP (NYSE:NRP) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other research analysts have also recently weighed in on the stock. BidaskClub raised shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.00.

Natural Resource Partners (NRP) opened at 27.50 on Thursday. Natural Resource Partners has a 1-year low of $16.60 and a 1-year high of $45.60. The company has a market cap of $336.38 million, a price-to-earnings ratio of 4.68 and a beta of 0.65. The firm’s 50-day moving average price is $27.72 and its 200-day moving average price is $33.08.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, May 10th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $1.67 by $1.64. The firm had revenue of $88.70 million during the quarter, compared to the consensus estimate of $89.49 million. Natural Resource Partners had a return on equity of 62.10% and a net margin of 22.86%. Equities research analysts forecast that Natural Resource Partners will post $5.07 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Natural Resource Partners by 64.6% in 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 during the period. Morgan Stanley boosted its position in shares of Natural Resource Partners by 488.5% in 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 during the period. Van ECK Associates Corp bought a new position in shares of Natural Resource Partners during the first quarter worth about $2,607,000. Bank of America Corp DE boosted its position in shares of Natural Resource Partners by 5.5% in the first 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 period. Finally, Marshall Wace North America L.P. bought a new position in shares of Natural Resource Partners during the second quarter worth about $308,000. 21.59% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Resource Partners

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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