Natural Resource Partners (NYSE:NRP) Hits New 12-Month High – Should You Buy?

Natural Resource Partners LP (NYSE:NRP)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $122.68 and last traded at $122.1480, with a volume of 11360 shares trading hands. The stock had previously closed at $119.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Natural Resource Partners Price Performance

The firm has a market capitalization of $1.54 billion, a PE ratio of 10.91 and a beta of 0.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a fifty day moving average price of $105.57 and a 200-day moving average price of $103.94.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share for the quarter. The company had revenue of $49.93 million for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.5%. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Hedge Funds Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after buying an additional 157 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Natural Resource Partners in the second quarter worth about $137,000. State of Wyoming grew its stake in shares of Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after acquiring an additional 740 shares during the last quarter. Avalon Capital Management acquired a new position in shares of Natural Resource Partners during the third quarter valued at about $210,000. Finally, Jump Financial LLC increased its holdings in shares of Natural Resource Partners by 8.1% during the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after acquiring an additional 184 shares in the last quarter. 31.77% of the stock is owned by hedge funds and other institutional investors.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.