Natural Resource Partners (NYSE:NRP) Achieves Record Revenue

Natural Resource Partners LP (NYSE:NRP) enjoyed one of their best quarters ever, breaking revenue records with over $80 million for the quarter while cutting operating costs by 34.5 percent.

That didn't impress Sandler O’Neill, as production guidance was lowered going forward, which may cut into the revenue and earnings of the coal miner. Sandler downgraded them from "Buy" to "Hold."

On the other hand, Stifel Nicolaus initiated coverage on Natural Resource with a "Buy" today.

The coal company is trading at $30.00, gaining $0.83, or 2.85 percent at 12:07 PM EST.

Natural Resource primarily leases properties to coal miners in return for royalty payments.