StockNews.com downgraded shares of Natural Resource Partners (NYSE:NRP – Free Report) from a strong-buy rating to a buy rating in a report issued on Thursday morning.
Natural Resource Partners Stock Performance
Shares of NRP opened at $91.13 on Thursday. Natural Resource Partners has a 12-month low of $64.04 and a 12-month high of $102.00. The stock has a market cap of $1.18 billion, a P/E ratio of 6.73 and a beta of 0.51. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $92.03 and a two-hundred day moving average of $91.03.
Natural Resource Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 20th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.29%. Natural Resource Partners’s dividend payout ratio (DPR) is 22.16%.
Institutional Inflows and Outflows
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.
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