MDU Resources Group (NYSE:MDU) Downgraded by Zacks Investment Research

MDU Resources Group (NYSE:MDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, November 14th.

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. “

Several other equities research analysts also recently issued reports on the company. KeyCorp reissued a “buy” rating and issued a $28.00 price objective on shares of MDU Resources Group in a research note on Friday, October 20th. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.75.

Shares of MDU Resources Group (NYSE MDU) traded up $0.01 during mid-day trading on Tuesday, reaching $27.96. The company had a trading volume of 583,409 shares, compared to its average volume of 805,653. MDU Resources Group has a fifty-two week low of $25.14 and a fifty-two week high of $29.92. The company has a market capitalization of $5,460.70, a PE ratio of 23.50, a P/E/G ratio of 2.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). MDU Resources Group had a net margin of 5.39% and a return on equity of 10.20%. The firm had revenue of $1.27 billion for the quarter. During the same period in the prior year, the company earned $0.45 earnings per share. sell-side analysts expect that MDU Resources Group will post 1.19 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AT Bancorp acquired a new stake in MDU Resources Group in the 2nd quarter valued at approximately $131,000. Global X Management Co. LLC lifted its position in shares of MDU Resources Group by 220.3% in the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MDU Resources Group by 8.8% during the 2nd 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 lifted its position in shares of MDU Resources Group by 5.7% during the 2nd 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 lifted its position in shares of MDU Resources Group by 5.7% during the 2nd 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. 63.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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