Stock Worth Mentioning: Is Buying Natural Resource Partners LP Here a Winning Strategy?

Stock Worth Mentioning: Is Buying Natural Resource Partners LP Here a Winning Strategy?

The stock of Natural Resource Partners LP (NYSE:NRP) hit a new 52-week high and has $50.97 target or 67.00% above today’s $30.52 share price. The 5 months bullish chart indicates low risk for the $388.65M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $50.97 price target is reached, the company will be worth $260.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 58,795 shares traded hands. Natural Resource Partners LP (NYSE:NRP) has risen 228.40% since March 16, 2016 and is uptrending. It has outperformed by 222.86% the S&P500.

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 stock of Natural Resource Partners LP (NYSE:NRP) has “Sell” rating given on Wednesday, August 10 by UBS. The stock of Natural Resource Partners LP (NYSE:NRP) earned “Market Perform” rating by Cowen & Co on Thursday, August 6. As per Thursday, September 17, the company rating was downgraded by UBS. The firm earned “Market Perform” rating on Monday, December 14 by Cowen & Co.

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 2016 Q2. Its up 0.98, from 0.02 in 2016Q1. The ratio improved, 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 Limited Liability Co last reported 0% of its portfolio in the stock. Huntington National Bank & Trust has 0% invested in the company for 275 shares. Cap Invest Advsrs Lc accumulated 20,872 shares or 0.03% of the stock.

More important recent Natural Resource Partners LP (NYSE:NRP) news were published by: Prnewswire.com which released: “Natural Resource Partners L.P. Announces 2016 Second Quarter Results” on August 04, 2016, also Prnewswire.com published article titled: “Natural Resource Partners Declares Quarterly Distribution”, 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) was released by: Seekingalpha.com and their article: “41% Yields With Natural Resource Partners, B3/B Rated, Maturing October 2018” with publication date: February 20, 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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