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Natural Resource Partners L.P. (NRP - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12.6% in the past one-month time frame.
The move came after the company announced that it has signed a definitive agreement to sell its construction aggregates business, VantaCore Partners LLC, to an affiliate of Sun Capital Partners for $205 million.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Natural Resource Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Is NRP going up? Or down? Predict to see what others think:Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Natural Resource Partners (NRP) Catches Eye: Stock Jumps 8.8%
Natural Resource Partners L.P. (NRP - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12.6% in the past one-month time frame.
The move came after the company announced that it has signed a definitive agreement to sell its construction aggregates business, VantaCore Partners LLC, to an affiliate of Sun Capital Partners for $205 million.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Natural Resource Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Natural Resource Partners LP Price
Natural Resource Partners LP Price | Natural Resource Partners LP Quote
Investors interested in the Coal industry may consider SunCoke Energy, Inc. (SXC - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NRP going up? Or down? Predict to see what others think:Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>