MDU Resources Group Inc. (NYSE:MDU) finished Friday with an addition of $0.1 to close at $20.15, an upside of 0.50 percent. An average of 1,919,480 shares of common stock have been traded in the last five days. There was a fall of -$0.27 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 2,033,455 shares traded, while the 50-day average volume stands at 1,861,528.
MDU stock has decreased by -8.62% in the last month. The company shares reached their 1-month lowest point of $19.90 on 08/25/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $18.37 and a high of $22.55 in 52 weeks. It has reached a new high 11 times so far this year and lost -3.19% or -$0.77 in price. In spite of this, the price is down -10.64% from the 52-week high.
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Valuation Metrics
MDU Resources Group Inc. (MDU) has a trailing price-to-earnings (P/E) ratio of 8.27. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 1.52.
The company has a payout ratio of 41.20%. The company’s most recent quarterly dividend payment was $0.1250 a share, representing a down of -43.82% from $0.2225 last year. Its latest decrease dividend $0.0975 reported on Thursday August 3 2023.
Financial Health
The quick ratio of MDU Resources Group Inc. for the three months ended June 30 was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.96 for the quarter ending June 30. MDU Resources Group Inc.’s EBITDA margin for the year ending June 30 is 12.93%, while its operating margin for the same period stands at 9.20%. Its gross profit as reported stood at $573.95 million compared to revenue of $6.97 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MDU Resources Group Inc.’s return on assets was 4.70%.
Earnings Surprise
For the three-month period that ended June 30, MDU Resources Group Inc. had $2.25 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $130.69 million in the quarter, while revenues of $38.35 million were grew 45.93%. The analyst consensus anticipated MDU Resources Group Inc.’s latest quarter earnings to come in at $0.35 per share, but it turned out to be $0.64, a 82.90% surprise. For the quarter, EBITDA amounted to $106.31 million. Shareholders own equity worth $203.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at MDU Resources Group Inc. (MDU) price momentum. RSI 9-day as of the close on 25 August was 29.95%, suggesting the stock is oversold, with historical volatility in this time frame at 14.83%.
As of today, MDU’s price is $20.09 -1.32% or -$0.27 from its 5-day moving average. MDU is currently trading -8.37% lower than its 20-day SMA and -3.57% lower than its 100-day SMA. However, the stock’s current price level is -1.08% below the SMA50 and +0.65% above the SMA200.
The stochastic %K and %D were 11.15% and 9.21%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 14.33% and the average true range at 0.38, the RSI (14) stands at 34.69%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.58.
Analyst Ratings
BofA Securities upgraded MDU Resources Group Inc. (NYSE: MDU) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for MDU Resources Group Inc. (MDU) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MDU, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is MDU’s price target for the next 12 months?
Analysts predict a range of price targets between $23.00 and $25.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for MDU Resources Group Inc. (MDU) stock is $24.00.
