Stifel Nicolaus Analysts Give Natural Resource Partners LP (NRP) a $31.00 Price Target
Natural Resource Partners LP (NYSE:NRP) has been given a $31.00 price objective by equities research analysts at Stifel Nicolaus in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 12.73% from the company’s previous close.
Several other research firms also recently weighed in on NRP. ValuEngine upgraded shares of Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research 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 report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. Natural Resource Partners currently has a consensus rating of “Hold” and an average target price of $30.75.
Natural Resource Partners (NYSE NRP) opened at 27.50 on Wednesday. The stock has a market cap of $336.38 million, a price-to-earnings ratio of 4.68 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 stock’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 issued its quarterly earnings data on Wednesday, May 10th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by $1.64. The firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $89.49 million. Natural Resource Partners had a return on equity of 62.10% and a net margin of 22.86%. Equities analysts expect that Natural Resource Partners will post $4.49 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Natural Resource Partners by 64.6% in the second quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock valued at $18,106,000 after buying an additional 257,912 shares during the period. Morgan Stanley increased its position in Natural Resource Partners by 488.5% in the first quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock valued at $12,350,000 after buying an additional 283,574 shares during the period. Van ECK Associates Corp bought a new position in Natural Resource Partners during the first quarter valued at $2,607,000. 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 period. Finally, Marshall Wace North America L.P. bought a new position in Natural Resource Partners during the second quarter valued at $308,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.
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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