The stock of Natural Resource Partners LP (NYSE:NRP) is a huge mover today! About 156,895 shares traded hands or 4.81% up from the average. Natural Resource Partners LP (NYSE:NRP) has risen 193.36% since March 2, 2016 and is uptrending. It has outperformed by 185.10% the S&P500.
The move comes after 6 months positive chart setup for the $362.05 million company. It was reported on Oct, 5 by Barchart.com. We have $50.94 PT which if reached, will make NYSE:NRP worth $257.06M more.
Analysts await Natural Resource Partners LP (NYSE:NRP) to report earnings on November, 3.
Natural Resource Partners LP (NYSE:NRP) Ratings Coverage
Out of 2 analysts covering Natural Resource (NYSE:NRP), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Natural Resource has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS on Wednesday, August 10 with “Sell”. The stock of Natural Resource Partners LP (NYSE:NRP) earned “Market Perform” rating by Cowen & Co on Thursday, August 6. The stock of Natural Resource Partners LP (NYSE:NRP) has “Sell” rating given on Thursday, September 17 by UBS. Cowen & Co maintained Natural Resource Partners LP (NYSE:NRP) rating on Monday, December 14. Cowen & Co has “Market Perform” rating and $1.50 price target.
According to Zacks Investment Research, “Natural Resource LP is a master limited partnership that engages principally in the business of owning and managing coal royalty properties in the three major coal-producing regions of the United States.”
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.98, from 0.02 in 2016Q1. The ratio increased, as 1 funds sold all Natural Resource Partners LP shares owned while 0 reduced positions. 0 funds bought stakes while 1 increased positions. They now own 21,347 shares or 29.85% less from 30,430 shares in 2016Q1.
Vantage Inv Advsrs Ltd Company last reported 0% of its portfolio in the stock. Cap Investment Advisors Limited Liability has 20,872 shares for 0.03% of their US portfolio. Huntington State Bank has 275 shares for 0% of their US portfolio.
More notable recent Natural Resource Partners LP (NYSE:NRP) news were published by: Seekingalpha.com which released: “41% Yields With Natural Resource Partners, B3/B Rated, Maturing October 2018” on February 20, 2016, also Seekingalpha.com with their article: “Cook Up 18.8% Yields With Natural Resource Partners, Matures October 2018” published on September 03, 2016, Moodys.com published: “Moody’s downgrades Natural Resource Partners to B3, outlook negative” on March 15, 2016. More interesting news about Natural Resource Partners LP (NYSE:NRP) were released by: Benzinga.com and their article: “Mid-Day Market Update: Crude Oil Up 3.5%; Tractor Supply Shares Decline …” published on September 08, 2016 as well as Benzinga.com‘s news article titled: “Mid-Afternoon Market Update: Crude Oil Up 1.2%; Retrophin Shares Jump On …” with publication date: September 07, 2016.
NRP Company Profile
Natural Resource Partners L.P., incorporated on April 9, 2002, owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, natural gas and crude oil, construction aggregates, frac sand and other natural resources. The Firm operates through four divisions: Coal, Hard Mineral Royalty and Other, Soda Ash, VantaCore and Oil and Gas. The Company’s Coal, Hard Mineral Royalty and Other segment consists primarily of coal royalty, coal related transportation and processing assets, aggregate and industrial minerals royalty assets and timber. The Company’s coal reserves are primarily located in Appalachia, the Illinois Basin and the Western United States. The Company’s aggregates and industrial minerals are located in a number of states across the United States.
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