MDU Resources Group, Inc. (MDU) Going Through Hard Times This Year

MDU Resources Group, Inc. (MDU) shares saw a recent bid of $27.50 and 1.57M shares have exchanged hands in the recent trading session, yielding a 3.07% gain over the past week. The stock price increased 1.74% or $-0.47 versus $27.03 at the end of the prior session. This change led market cap to move at $5.37B, putting the price -8.09% below the 52-week high and 22.39% above the 52-week low. The company’s stock has a normal trading capacity of 795.14K shares while the relative volume is 2.01.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $27.50 while $28.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $0.5 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $27.00, which would be decrease of about -2% of its current value. The mean target of $27.50 should be compared with the price when the stock was languishing around $22.47 a share. And it remains to be seen which target price MDU can achieve without sacrificing much as the company is holding a 19.62% gain for the past twelve months.

By historical standards, MDU Resources Group, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 22.82 times earnings, above the average P/E ratio of 14.07 times earnings. For now, MDU Resources Group, Inc. is the toast of Wall Street as its ABR stands at 2.70 with 1 out of 7 analysts rating the stock a buy. Over the short term, some market observers may have noticed that MDU Resources Group, Inc. has a 1.52% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. MDU Resources Group, Inc. has far performed well this year, with the share price down -4.41% since January. Over the past 2 quarters, the stock is down -5.01%, compared with a gain of nearly 0.88% for 3 months and about 5.40% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.18, smashing the consensus of $0.17 per share. Revenue for the quarter also killed consensus, coming in at $937.9M, compared to the consensus of 921.39M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.25. The company is expected to report EPS as high as $0.27 and as low as $0.24 per share. Similarly, full-year EPS forecasts have ranged between $1.18 and $1.22. The mean EPS estimate is $1.20. On the other side, sales forecasts for the current quarter are $1.1B. The stock is expected to report revenue as high as $1.1B and as low as $1.1B per share. Similarly, full-year sales forecasts have ranged between $4.24B and $4.37B. The mean revenue estimate is $4.3B.

Over the last 5 years, MDU Resources Group, Inc. has averaged a -0.10% YoY EPS growth rate and a 0.40% revenue growth rate. Analysts are expecting EPS growth rates to be at 31.80% this quarter and EPS estimate for next year reflect 15.65% growth rate.

Sell-side analysts also have something to say about this company. Argus had a markedly different take on 13/02/2017, proposing that MDU Resources Group, Inc. is now considered Hold versus prior Buy rating. Barclays had a markedly different take on 04/02/2015, proposing that MDU Resources Group, Inc. is now considered Underweight versus prior Equal Weight rating. DA Davidson had a markedly different take on 02/02/2015, proposing that MDU Resources Group, Inc. is now considered Neutral versus prior Buy rating. Robert W. Baird had a markedly different take on 05/11/2014, proposing that MDU Resources Group, Inc. is now considered Neutral versus prior Outperform rating.

MDU Resources Group, Inc. (MDU) Going Through Hard Times This Year was last modified: June 19th, 2017 by Rosemary Becker
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