StockNews.com lowered shares of Natural Resource Partners (NYSE:NRP – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday morning.
Natural Resource Partners Trading Up 1.0 %
Shares of NYSE:NRP opened at $87.88 on Friday. The firm has a fifty day moving average of $91.92 and a two-hundred day moving average of $90.60. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.36. Natural Resource Partners has a 12-month low of $64.04 and a 12-month high of $102.00. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.49 and a beta of 0.51.
Natural Resource Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.41%. Natural Resource Partners’s dividend payout ratio is currently 22.16%.
Institutional Investors Weigh In On Natural Resource Partners
Natural Resource Partners Company Profile
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.
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