Natural Resource Partners Target of Unusually High Options Trading (NYSE:NRP)


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Natural Resource Partners L.P. (NYSE:NRP) was the recipient of some unusual options trading activity on Monday. Stock traders bought 816 put options on the company. This represents an increase of 838% compared to the average volume of 87 put options.

Separately, TheStreet raised shares of Natural Resource Partners from a “d+” rating to a “c-” rating in a research note on Tuesday, March 23rd.

Shares of NRP opened at $17.35 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market cap of $212.73 million, a price-to-earnings ratio of -0.86 and a beta of 0.70. The stock has a fifty day moving average price of $17.09 and a two-hundred day moving average price of $15.70. Natural Resource Partners has a 52-week low of $9.56 and a 52-week high of $19.52.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Sunday, March 14th. The energy company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.58. Natural Resource Partners had a negative return on equity of 37.70% and a negative net margin of 152.62%.

The business also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Monday, February 22nd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date was Friday, February 19th.

An institutional investor recently raised its position in Natural Resource Partners stock. Morgan Stanley increased its stake in Natural Resource Partners L.P. (NYSE:NRP) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,097,952 shares of the energy company’s stock after purchasing an additional 68,605 shares during the period. Morgan Stanley owned 8.95% of Natural Resource Partners worth $15,097,000 as of its most recent SEC filing. Institutional investors own 38.83% of the company’s stock.

About Natural Resource Partners

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties are located in the United States; oil and gas royalty assets located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery are located in the Green River Basin, Wyoming.

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