MDU Resources Group (MDU) Earns Daily Coverage Optimism Rating of 0.45
News articles about MDU Resources Group (NYSE:MDU) have been trending positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MDU Resources Group earned a media sentiment score of 0.45 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.2819188566454 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
MDU has been the subject of a number of analyst reports. KeyCorp reiterated a “buy” rating and issued a $28.00 target price on shares of MDU Resources Group in a report on Friday, September 1st. BidaskClub upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. MDU Resources Group has a consensus rating of “Hold” and an average target price of $31.25.
Shares of MDU Resources Group (NYSE MDU) opened at 27.12 on Friday. The stock has a 50 day moving average price of $26.45 and a 200 day moving average price of $26.66. The company has a market capitalization of $5.30 billion, a PE ratio of 23.59 and a beta of 0.92. MDU Resources Group has a 52-week low of $23.37 and a 52-week high of $29.92.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. MDU Resources Group had a return on equity of 7.64% and a net margin of 4.16%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, analysts predict that MDU Resources Group will post $1.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Thursday, September 14th will be issued a dividend of $0.1925 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.77 dividend on an annualized basis and a yield of 2.84%. MDU Resources Group’s dividend payout ratio is presently 66.96%.
In other news, CEO David L. Goodin bought 5,000 shares of MDU Resources Group stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $25.57 per share, for a total transaction of $127,850.00. Following the acquisition, the chief executive officer now owns 95,210 shares of the company’s stock, valued at $2,434,519.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.95% of the stock is owned by insiders.
About MDU Resources Group
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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