Natural Resource Partners LP (NYSE: NRP) has reported earnings for its first fiscal quarter (ending March 31) of $4.13 versus $4.40 for the same period a year ago — a decline of -6%. For the latest four quarters through March 31, E.P.S. were $15.33 versus $18.67 for the same period a year ago — a decline of -18%.
Recent Price Action
Natural Resource Partners LP (NYSE: NRP) stock rose modestly by 0.7% on 5/7/24. The stock closed at $90.35. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NRP is expected to continue to be a major Value Builder.
Natural Resource Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Natural Resource Partners has a good Power Rating of 81 and a very high Appreciation Score of 86, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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