Stock of the Day: Mdu Resources Group Inc (NYSE:MDU): Stock Sentiment

November 29, 2016 - By Nellie Frank   ·   0 Comments

Stock of the Day: Mdu Resources Group Inc (NYSE:MDU): Stock Sentiment

Sentiment for Mdu Resources Group Inc (NYSE:MDU)

Mdu Resources Group Inc (NYSE:MDU) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.55, from 1.6 in 2016Q1. The ratio dived, as 150 investment professionals increased and started new equity positions, while 94 reduced and sold their stakes in Mdu Resources Group Inc. The investment professionals in our partner’s database now own: 121.51 million shares, up from 119.86 million shares in 2016Q1. Also, the number of investment professionals holding Mdu Resources Group Inc in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 24 Reduced: 70 Increased: 104 New Position: 46.

MDU Resources Group, Inc. is a diversified natural resource company. The company has a market cap of $5.67 billion. The Company’s divisions include Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services and Refining. It has a 28.37 P/E ratio. Montana-Dakota Utilities Co. is a public utility division of the Company.

About 703,675 shares traded hands. MDU Resources Group Inc (NYSE:MDU) has risen 44.29% since April 26, 2016 and is uptrending. It has outperformed by 39.03% the S&P500.

Analysts await MDU Resources Group Inc (NYSE:MDU) to report earnings on February, 1. They expect $0.28 earnings per share, up 12.00% or $0.03 from last year’s $0.25 per share. MDU’s profit will be $55.28M for 25.64 P/E if the $0.28 EPS becomes a reality. After $0.45 actual earnings per share reported by MDU Resources Group Inc for the previous quarter, Wall Street now forecasts -37.78% negative EPS growth.

According to Zacks Investment Research, “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.”

Stockman Asset Management holds 3.41% of its portfolio in MDU Resources Group Inc for 181,495 shares. Sprucegrove Investment Management Ltd owns 2.98 million shares or 2.94% of their US portfolio. Moreover, Heartland Advisors Inc has 2.77% invested in the company for 2.05 million shares. The Maryland-based Montgomery Investment Management Inc has invested 2.52% in the stock. Stanley, a Alabama-based fund reported 263,632 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 10 insider sales for $7.03 million net activity.

MDU Resources Group Inc (NYSE:MDU) Ratings Coverage

Ratings analysis reveals 33% of MDU Resources’s analysts are positive. Out of 3 Wall Street analysts rating MDU Resources, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $15 while the high is $26. The stock’s average target of $20.33 is -29.21% below today’s ($28.72) share price. MDU was included in 5 notes of analysts from August 6, 2015. The firm has “Buy” rating given on Tuesday, May 31 by Argus Research.

MDU Company Profile

MDU Resources Group, Inc., incorporated on March 14, 1924, is a diversified natural resource company. The Company’s divisions include Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services and Refining. Montana-Dakota Utilities Co. (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution divisions, generates, transmits and distributes electricity and distributes natural gas in Montana, North Dakota, South Dakota and Wyoming. The Company, through Cascade Natural Gas Corporation (Cascade) distributes natural gas in Oregon and Washington. The Company, through Intermountain Gas Company (Intermountain) distributes natural gas in Idaho. Great Plains Natural Gas Co. (Great Plains) is a public utility division of the Company. Great Plains distributes natural gas in western Minnesota and southeastern North Dakota.

More news for MDU Resources Group Inc (NYSE:MDU) were recently published by: Prnewswire.com, which released: “MDU Resources Subsidiary Signs Sale Agreement for its Share of N.D. Natural …” on November 21, 2016. Prnewswire.com‘s article titled: “MDU Resources Provides Five-Year Capital Plan Forecast” and published on November 22, 2016 is yet another important article.

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By Nellie Frank


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