Natural Resource Partners (NYSE:NRP) Rating Lowered to Buy at StockNews.com

Natural Resource Partners (NYSE:NRP) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Natural Resource Partners Stock Performance

Shares of NRP opened at $87.75 on Friday. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.48 and a beta of 0.51. Natural Resource Partners has a 52 week low of $64.04 and a 52 week high of $102.00. The stock has a 50 day moving average price of $91.99 and a two-hundred day moving average price of $90.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.76 and a current ratio of 1.76.

Institutional Trading of Natural Resource Partners

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Natural Resource Partners during the second quarter valued at about $34,000. Pekin Hardy Strauss Inc. purchased a new stake in Natural Resource Partners in the 2nd quarter valued at about $1,496,000. Eubel Brady & Suttman Asset Management Inc. lifted its position in shares of Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after buying an additional 106,785 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in shares of Natural Resource Partners by 6.3% in the 2nd quarter. Meixler Investment Management Ltd. now owns 33,455 shares of the energy company’s stock worth $2,999,000 after buying an additional 1,975 shares during the last quarter. Finally, Stokes Family Office LLC boosted its stake in shares of Natural Resource Partners by 17.8% in the 2nd quarter. Stokes Family Office LLC now owns 6,625 shares of the energy company’s stock worth $594,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 31.77% of the company’s stock.

About Natural Resource Partners

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.