Natural Resource Partners LP Li (NYSE:NRP):
Natural Resource Partners Declares Quarterly Distribution.
The company is down since yesterday’s close of $26.9.
Additionally Natural Resource Partners LP Li recently announced a dividend paid on Friday the 12th of August 2016. The dividend was $0.450 per share for the quarter which comes to $1.80 on an annualized basis. This dividend represents a yeild of $6.43 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 3rd of August 2016.
It is currently trading at $26.00 marginally under $28.12, the 50 day moving average and which is just a bit higher than the 200 day moving average of $19.41. The 50 day moving average was down $-2.12 or -7.53% and the 200 day average went up by +33.92%.
In the latest earnings report the EPS was $-44.05 and is projected to be $6.52 for the current year with 12,232,000 shares currently outstanding. Next quarter’s EPS is expected be $0.89 and the next full year EPS is projected to be $4.34.
Several analysts have released ratings on NRP. September 17 investment analysts at UBS left the price target at $2.50 but downgraded the company to Sell from Neutral. On September 17 the stock rating was downgraded from “Neutral” to “Sell” with a current price target of $2.50 in an announcement from UBS.
On February 17, 2015 the stock rating was changed to a “Hold” by BB&T Capital which was a cut from the previous “Buy” rating. On February 13 the company was rated “Market Perform” according to a Wells Fargo report down from the previous “Outperform” rating.
On October 10 the company was upgraded to “Outperform” from “Market Perform” by analysts at Wells Fargo. On February 13 the company was set at “Neutral” in a report from Hilliard Lyons a boost from the previous “Underperform” rating.