StockNews.com began coverage on shares of MDU Resources Group (NYSE:MDU – Get Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the utilities provider’s stock.
MDU Resources Group Stock Performance
NYSE MDU opened at $28.59 on Friday. The firm has a market cap of $5.83 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.66 and a beta of 0.77. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $25.91 and its 200-day moving average is $25.40. MDU Resources Group has a 12-month low of $18.04 and a 12-month high of $28.71.
MDU Resources Group (NYSE:MDU – Get Free Report) last issued its earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts predict that MDU Resources Group will post 1.58 earnings per share for the current year.
Institutional Investors Weigh In On MDU Resources Group
About MDU Resources Group
MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.
See Also
- Five stocks we like better than MDU Resources Group
- The Basics of Support and Resistance
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- 5 discounted opportunities for dividend growth investors
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for MDU Resources Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group and related companies with MarketBeat.com's FREE daily email newsletter.