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Downgrade Alert for Natural Resource Partners (NRP)

By Amy Schwartz

Natural Resource Partners (NYSE:NRP) was downgraded from Neutral to Sell at UBS today. The stock closed yesterday at $2.97 on volume of 242,000 shares, below average daily volume of 554,000.

Natural Resource Partners share prices have moved between a 52-week high of $15.21 and a 52-week low of $2.21 and closed yesterday at 34% above that low price at $2.97 per share. The 200-day and 50-day moving averages have moved 2.31% lower and 1.46% lower over the past week, respectively.

Potential upside of 85.2% exists for Natural Resource Partners, based on a current level of $2.97 and analysts' average consensus price target of $5.50. The stock should find resistance at its 200-day moving average (MA) of $5.96, as well as support at its 50-day MA of $2.89.

Natural Resource Partners L.P. owns and manages coal properties in Appalachia, the Illinois Basin, and the Western United States. The Company leases coal reserves to experienced mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments.

SmarTrend is tracking the current trend status for Natural Resource Partners and will alert subscribers who have NRP in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades natural resource partners

Ticker(s): NRP