Natural Resource Partners LP (NRP) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NRP as the stock is now down over 20% in the past one-month time frame.
The company which owns and manages coal reserves has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
NRP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.
Some better-ranked stocks in the same sector include Foresight Energy LP (FELP), SunCoke Energy Partners, L.P. (SXCP) and Alon USA Energy, Inc. (ALJ). All these stocks hold a Zacks Rank #2 (Buy).
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