Research analysts at StockNews.com initiated coverage on shares of Natural Resource Partners (NYSE:NRP – Get Rating) in a research note issued on Thursday. The firm set a “buy” rating on the energy company’s stock.
Natural Resource Partners Trading Down 2.6 %
Shares of NYSE:NRP traded down $1.35 during trading hours on Thursday, hitting $51.25. 55,230 shares of the company’s stock traded hands, compared to its average volume of 33,689. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $647.54 million, a P/E ratio of 3.87 and a beta of 0.29. The business has a fifty day moving average price of $54.15 and a 200-day moving average price of $47.68. Natural Resource Partners has a 1 year low of $36.21 and a 1 year high of $65.72.
Institutional Trading of Natural Resource Partners
A number of hedge funds have recently bought and sold shares of NRP. Avalon Investment & Advisory purchased a new stake in Natural Resource Partners during the first quarter worth $214,000. BNP Paribas Arbitrage SA lifted its holdings in Natural Resource Partners by 360.9% during the first quarter. BNP Paribas Arbitrage SA now owns 77,722 shares of the energy company’s stock worth $3,322,000 after buying an additional 60,859 shares during the period. Bank of America Corp DE increased its position in shares of Natural Resource Partners by 26.2% during the first quarter. Bank of America Corp DE now owns 29,413 shares of the energy company’s stock worth $1,257,000 after purchasing an additional 6,102 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Natural Resource Partners by 100.5% during the second quarter. Cetera Advisors LLC now owns 20,473 shares of the energy company’s stock worth $762,000 after purchasing an additional 10,261 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new position in shares of Natural Resource Partners during the second quarter worth $59,000. Hedge funds and other institutional investors own 38.67% of the company’s stock.
Natural Resource Partners Company Profile
Natural Resource Partners LP engages in the business of owning, managing, and leasing a diversified portfolio of mineral properties. It operates through the Coal Royalty and Other, and Soda Ash segments. The Coal Royalty and Other segment consists of coal royalty properties and coal-related transportation and processing assets.
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