The stock of Natural Resource Partners LP (NYSE:NRP) hit a new 52-week high and has $61.45 target or 116.00% above today’s $28.45 share price. The 7 months bullish chart indicates low risk for the $364.60M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $61.45 price target is reached, the company will be worth $422.94 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 49,240 shares traded hands. Natural Resource Partners LP (NYSE:NRP) has risen 282.69% since April 5, 2016 and is uptrending. It has outperformed by 280.73% the S&P500.
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 “Market Perform” rating given on Thursday, August 6 by Cowen & Co. UBS maintained the stock with “Sell” rating in Wednesday, August 10 report. Cowen & Co maintained the stock with “Market Perform” rating in Monday, December 14 report. The firm has “Sell” rating by UBS given on Thursday, September 17.
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 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.
Capital Advsr Limited Com holds 20,872 shares or 0.03% of its portfolio. Vantage Investment Advsr Limited Co has 0% invested in the company for 200 shares. Huntington Commercial Bank accumulated 0% or 275 shares.
More notable recent Natural Resource Partners LP (NYSE:NRP) news were published by: Prnewswire.com which released: “Natural Resource Partners L.P. Announces 2016 Third Quarter Results” on November 07, 2016, also Prnewswire.com with their article: “Natural Resource Partners Declares Quarterly Distribution” published on October 27, 2016, Prnewswire.com published: “Natural Resource Partners L.P. Announces 2016 Second Quarter Results” on August 04, 2016. More interesting news about Natural Resource Partners LP (NYSE:NRP) were released by: Moodys.com and their article: “Moody’s downgrades Natural Resource Partners to B3, outlook negative” published on March 15, 2016 as well as Nasdaq.com‘s news article titled: “Natural Resource Partners LP (NRP) Ex-Dividend Date Scheduled for November 03 …” with publication date: November 02, 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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