| Should You Get Rid of Natural Resource Partners (NRP) Now? - Tale of the Tape | |
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One such stock that you may want to consider dropping is Natural Resource Partners LP (NRP), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in NRP.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with just no upward revision. This trend has caused the consensus estimate to trend lower, going from $1.32 a share a month ago to its current level of 76 cents.
Also, for the current quarter, Natural Resource Partners has seen 2 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to 18 cents a share from 30 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 19.1% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Coal sector, you may instead consider a better-ranked stock - Hallador Energy Company (HNRG). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NATURAL RSRC LP (NRP): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Natural Resource Partners L.P.
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CODE : NRP |
ISIN : US63900P1030 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Resources Partners is a producing company based in United states of america. Natural Resources Partners holds various exploration projects in USA. Its main exploration property is D.D. SHEPARD in USA. Natural Resources Partners is listed in United States of America. Its market capitalisation is US$ 1.1 billions as of today (€ 1.0 billions). Its stock quote reached its lowest recent point on July 24, 2020 at US$ 10.00, and its highest recent level on January 26, 2024 at US$ 99.99. Natural Resources Partners has 12 241 602 shares outstanding. |