MDU Resources Group, Inc. (MDU) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of MDU Resources Group, Inc. (NYSE:MDU) from a buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services. “

MDU has been the subject of a number of other research reports. KeyCorp reiterated a buy rating and set a $28.00 target price on shares of MDU Resources Group in a research report on Friday, September 1st. BidaskClub upgraded shares of MDU Resources Group from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. MDU Resources Group has an average rating of Hold and a consensus target price of $30.75.

Shares of MDU Resources Group (NYSE MDU) traded down $0.13 during mid-day trading on Tuesday, hitting $26.41. 1,009,692 shares of the stock traded hands, compared to its average volume of 707,210. MDU Resources Group has a 52 week low of $25.14 and a 52 week high of $29.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.10 and a current ratio of 1.28. The stock has a market capitalization of $5,200.00, a P/E ratio of 22.52, a P/E/G ratio of 2.79 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $1.27 billion for the quarter. MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. During the same period in the previous year, the business earned $0.45 EPS. equities research analysts predict that MDU Resources Group will post 1.2 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “MDU Resources Group, Inc. (MDU) Cut to Hold at Zacks Investment Research” was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/11/10/mdu-resources-group-inc-mdu-cut-to-hold-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently made changes to their positions in MDU. AT Bancorp purchased a new position in shares of MDU Resources Group during the second quarter worth approximately $131,000. Global X Management Co. LLC increased its stake in shares of MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after buying an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock worth $175,000 after buying an additional 537 shares during the period. Mosaic Family Wealth LLC increased its stake in shares of MDU Resources Group by 5.7% in the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock worth $183,000 after buying an additional 374 shares during the period. Finally, Ffcm LLC increased its stake in shares of MDU Resources Group by 5.7% in the second quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock worth $193,000 after buying an additional 396 shares during the period. 63.32% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Company Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

Get a free copy of the Zacks research report on MDU Resources Group (MDU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MDU Resources Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply