MDU Resources Group Inc. (MDU) Sees Unusually-High Trading Volume
MDU Resources Group Inc. (NYSE:MDU) shares saw strong trading volume on Friday . 5,256,983 shares changed hands during mid-day trading, an increase of 301% from the previous session’s volume of 1,310,968 shares.The stock last traded at $24.05 and had previously closed at $23.90.
Several equities research analysts have recently issued reports on the stock. Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, May 31st. TheStreet upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Finally, Zacks Investment Research upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. MDU Resources Group has a consensus rating of “Hold” and an average price target of $21.90.
The firm’s market cap is $4.70 billion. The firm has a 50 day moving average price of $23.80 and a 200-day moving average price of $20.35.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $905.20 million for the quarter, compared to the consensus estimate of $971.63 million. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Analysts forecast that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.
A number of large investors have bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in MDU Resources Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,613 shares of the company’s stock worth $1,037,000 after buying an additional 300 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in MDU Resources Group by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 125,771 shares of the company’s stock worth $2,305,000 after buying an additional 42,730 shares during the period. Comerica Bank boosted its stake in MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock worth $2,407,000 after buying an additional 459 shares during the period. Mutual of America Capital Management LLC boosted its stake in MDU Resources Group by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,708 shares of the company’s stock worth $2,413,000 after buying an additional 1,921 shares during the period. Finally, Matarin Capital Management LLC acquired a new stake in MDU Resources Group during the fourth quarter worth $2,589,000.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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