MDU Resources Group (MDU) Earning Favorable Press Coverage, Analysis Shows

Media headlines about MDU Resources Group (NYSE:MDU) have been trending positive on Thursday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MDU Resources Group earned a coverage optimism score of 0.46 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.8839221497183 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

MDU Resources Group (NYSE:MDU) traded down 2.09% during mid-day trading on Thursday, reaching $25.81. 663,254 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $25.92 and a 200-day moving average price of $26.66. MDU Resources Group has a 1-year low of $23.06 and a 1-year high of $29.92. The stock has a market cap of $5.04 billion, a P/E ratio of 22.44 and a beta of 0.91.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Equities research analysts anticipate that MDU Resources Group will post $1.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a dividend yield of 2.98%. MDU Resources Group’s dividend payout ratio is currently 66.96%.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. MDU Resources Group has a consensus rating of “Hold” and a consensus target price of $32.33.

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In other MDU Resources Group news, CEO David L. Goodin purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $25.57 per share, with a total value of $127,850.00. Following the purchase, the chief executive officer now directly owns 95,210 shares of the company’s stock, valued at $2,434,519.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.95% of the stock is owned by company 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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