The stock of Natural Resource Partners LP (NYSE:NRP) is a huge mover today! The stock increased 11.03% or $3.1 on November 3, hitting $31.2. About 85,661 shares traded hands. Natural Resource Partners LP (NYSE:NRP) has risen 266.03% since April 1, 2016 and is uptrending. It has outperformed by 264.81% the S&P500.
The move comes after 7 months positive chart setup for the $399.85 million company. It was reported on Nov, 3 by Barchart.com. We have $56.78 PT which if reached, will make NYSE:NRP worth $327.88M more.
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 firm has “Market Perform” rating by Cowen & Co given on Thursday, August 6. Cowen & Co maintained it with “Market Perform” rating and $1.50 target price in Monday, December 14 report. The stock has “Sell” rating given by UBS on Wednesday, August 10. UBS downgraded the shares of NRP in a report on Thursday, September 17 to “Sell” rating.
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 is positive, 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.
Huntington State Bank owns 275 shares or 0% of their US portfolio. The Georgia-based Inv Advsr Ltd Liability has invested 0.03% in Natural Resource Partners LP (NYSE:NRP). Vantage Investment Advsrs Limited Company holds 0% or 200 shares in its portfolio.
More notable 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 Moodys.com with their article: “Moody’s downgrades Natural Resource Partners to B3, outlook negative” published on March 15, 2016, Zacks.com published: “Natural Resource Partners’ Restructuring Initiatives Bode Well” on October 19, 2016. More interesting news about Natural Resource Partners LP (NYSE:NRP) were released by: Nasdaq.com and their article: “Natural Resource Partners LP (NRP) Ex-Dividend Date Scheduled for November 03 …” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Natural Resource Partners Declares Quarterly Distribution” with publication date: October 27, 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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