Analyst Rating Update on MDU Resources Group (MDU)

MDU Resources Group (NYSE:MDU) : 4 analysts are covering MDU Resources Group (NYSE:MDU) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

MDU Resources Group (NYSE:MDU) : The highest level MDU Resources Group (NYSE:MDU) is projected to reach is $26 for the short term and the lowest estimate is at $25. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $25.5 and the possibility the share price can swing is $0.71.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Argus Research upgrades its rating on MDU Resources Group (NYSE:MDU). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at Argus Research announces a current price target of $26 per share. The rating by the firm was issued on May 31, 2016.

MDU Resources Group (NYSE:MDU): stock turned positive on Tuesday. Though the stock opened at $23.36, the bulls momentum made the stock top out at $23.5 level for the day. The stock recorded a low of $22.84 and closed the trading day at $23.4, in the green by 0.78%. The total traded volume for the day was 1,828,447. The stock had closed at $23.22 in the previous days trading.

In an insider trading activity, Schwartz Doran N, CFO of Mdu Resources Group Inc, had purchased 1,500 shares on February 26, 2015. The total value of the transaction was $34,110. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

MDU Resources Group, Inc. is a natural resource company. The Companys segments include electric, natural gas distribution, pipeline and energy services, exploration and production, construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings, Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *