Natural Resource Partners (NYSE:NRP) Stock Crosses Above 200-Day Moving Average – What’s Next?

Natural Resource Partners LP (NYSE:NRP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $102.57 and traded as high as $106.07. Natural Resource Partners shares last traded at $105.00, with a volume of 34,941 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Natural Resource Partners currently has a consensus rating of “Buy”.

Natural Resource Partners Price Performance

The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $103.88 and its two-hundred day moving average price is $102.57. The stock has a market cap of $1.36 billion, a PE ratio of 9.62 and a beta of 0.21.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The company had revenue of $49.93 million for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Natural Resource Partners’s payout ratio is presently 27.47%.

Hedge Funds Weigh In On Natural Resource Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in NRP. State of Wyoming raised its holdings in Natural Resource Partners by 23.8% in the first quarter. State of Wyoming now owns 2,638 shares of the energy company’s stock worth $274,000 after purchasing an additional 507 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Natural Resource Partners by 23.7% in the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company’s stock valued at $956,000 after buying an additional 1,761 shares in the last quarter. Eschler Asset Management LLP purchased a new position in shares of Natural Resource Partners in the 1st quarter worth approximately $831,000. Mountain Lake Investment Management LLC raised its stake in shares of Natural Resource Partners by 100.0% during the 1st quarter. Mountain Lake Investment Management LLC now owns 22,101 shares of the energy company’s stock worth $2,296,000 after acquiring an additional 11,051 shares in the last quarter. Finally, MAS Advisors LLC lifted its position in Natural Resource Partners by 4.3% during the second quarter. MAS Advisors LLC now owns 3,375 shares of the energy company’s stock valued at $322,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.