MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
MDU Resources Group Stock Performance
Shares of MDU Resources Group stock traded up $0.12 on Thursday, reaching $30.86. The stock had a trading volume of 40,492 shares, compared to its average volume of 1,287,926. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.02 and a current ratio of 1.35. The business's 50-day moving average price is $27.32 and its two-hundred day moving average price is $27.04. The stock has a market cap of $6.28 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.60 and a beta of 0.75. MDU Resources Group has a fifty-two week low of $24.92 and a fifty-two week high of $33.34.
MDU Resources Group (NYSE:MDU - Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.16). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.48 billion. MDU Resources Group had a return on equity of 9.74% and a net margin of 5.32%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts forecast that MDU Resources Group will post 1.85 EPS for the current year.
Analysts Set New Price Targets
Separately, Bank of America downgraded MDU Resources Group from a "buy" rating to a "neutral" rating and raised their price objective for the company from $29.00 to $30.00 in a research note on Friday, August 5th.