Natural Resource Partners LP (NYSE:NRP) – Seaport Global Securities cut their Q4 2017 earnings per share (EPS) estimates for Natural Resource Partners in a report issued on Wednesday. Seaport Global Securities analyst M. Levin now expects that the energy company will post earnings of $0.78 per share for the quarter, down from their previous estimate of $0.95. Seaport Global Securities also issued estimates for Natural Resource Partners’ FY2018 earnings at $3.90 EPS and FY2019 earnings at $4.05 EPS.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Wednesday, May 10th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.67 by $1.64. Natural Resource Partners had a net margin of 22.86% and a return on equity of 62.10%. The company had revenue of $88.70 million during the quarter, compared to analyst estimates of $89.49 million.

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A number of other analysts also recently issued reports on NRP. ValuEngine upgraded shares of Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 16th. Zacks Investment Research upgraded shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Stifel Nicolaus set a $31.00 target price on shares of Natural Resource Partners and gave the stock a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. Natural Resource Partners has a consensus rating of “Hold” and an average price target of $30.75.

Shares of Natural Resource Partners (NYSE NRP) traded down 2.36% on Thursday, reaching $26.85. 1,644 shares of the company were exchanged. The firm has a market capitalization of $328.43 million, a PE ratio of 8.54 and a beta of 0.65. Natural Resource Partners has a 12-month low of $16.60 and a 12-month high of $45.60. The company’s 50 day moving average is $27.72 and its 200 day moving average is $33.08.

Institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in Natural Resource Partners by 1.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,062 shares of the energy company’s stock valued at $147,000 after buying an additional 44 shares during the last quarter. Wedbush Securities Inc. increased its position in Natural Resource Partners by 1.8% in the first quarter. Wedbush Securities Inc. now owns 7,383 shares of the energy company’s stock valued at $267,000 after buying an additional 127 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Natural Resource Partners during the second quarter valued at $308,000. Bank of America Corp DE increased its position in 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 valued at $549,000 after buying an additional 790 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in Natural Resource Partners during the first quarter valued at $2,607,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a $0.45 dividend. This is an increase from Natural Resource Partners’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, August 3rd. This represents a $1.80 annualized dividend and a dividend yield of 6.55%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 30.46%.

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.

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