As of Friday close, MDU Resources Group Inc.’s (NYSE:MDU) stock was down -$0.38, moving down -1.78 percent to $21.01. The average number of shares traded per day over the past five days has been 3,225,240 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.98 fall in that time frame. In the last twenty days, the average volume was 2,135,225, while in the previous 50 days, it was 2,097,234.
Since last month, MDU stock rose 0.53%. Shares of the company fell to $20.35 on 07/11/23, the lowest level in the past month. A 52-week high of $22.55 was reached on 07/27/23 after having rallying from a 52-week low of $18.37. Since the beginning of this year, MDU’s stock price has risen by 0.95% or $0.09, and marked a new high 11 times. However, the stock has declined by -6.83% since its 52-week high.
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Valuation Metrics
Right now, MDU Resources Group Inc. (MDU) has a P/E ratio of about 11.44. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.59, the price-to-book (PB) ratio of 1.20.
The latest dividend of $0.1250 per share was paid out, which is -43.82% less than last year’s $0.2225.
Financial Health
In the recent quarter, MDU Resources Group Inc.’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.77, and the total debt-to-equity ratio was 0.94. On the profitability front, the trailing twelve-month gross margin is 85.90% percent. In the recent year, EBITDA margin amounted to 12.93%, whereas operating margins totaled 8.00%. Based on annual data, MDU earned $573.95 million in gross profit and brought in $6.97 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.20%. Return on equity (ROE) for the past 12 months was 10.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MDU’s revenue fell -57.72% to $1.74 billion during the quarter, while net income inched up to $1.09 billion. During the quarter, the company generated $106.31 million in EBITDA. The liabilities of MDU Resources Group Inc. were 4.98 billion at the end of its most recent quarter, and its total debt was $3.47 billion. The value of shareholders’ equity is $203.64 million.
Technical Picture
This quick technical analysis looks at MDU Resources Group Inc.’s (MDU) price momentum. With a historical volatility rate of 24.81%, the RSI 9-day stood at 34.24% on 04 August.
With respect to its five-day moving average, the current MDU Resources Group Inc. price is down by -4.46% percent or -$0.98. At present, MDU shares trade +1.99% above its 20-day simple moving average and +3.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.71% above its SMA50 and +8.18% above its SMA200.
Stochastic coefficient K was 31.53% and Stochastic coefficient D was 48.05%, while ATR was 0.49. Given the Stochastic reading of 8.88% for the 14-day period, the RSI (14) reading has been calculated as 41.84%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at -0.38.
Analyst Ratings
BofA Securities upgraded its rating on MDU Resources Group Inc. (NYSE: MDU) to a Buy in a note to investors on June 01, 2023. The analysts firm previously had an Underperform rating on the stock.MDU Resources Group Inc. (MDU) has been rated Overweight by analysts. According to 0 brokerage firms, MDU is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MDU Resources Group Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $24.00, the current consensus forecast for the stock is $22.00 – $25.00. Based on these forecasts, analysts predict MDU Resources Group Inc. (MDU) will achieve an average price target of $23.75.
