Today’s Stock Alert: Time to Reconsider MDU Resources Group Inc After Making 52-Week High?

Today's Stock Alert: Time to Reconsider MDU Resources Group Inc After Making 52 Week High?

The stock of MDU Resources Group Inc (NYSE:MDU) hit a new 52-week high and has $37.95 target or 46.00% above today’s $25.99 share price. The 9 months bullish chart indicates low risk for the $5.05 billion company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $37.95 price target is reached, the company will be worth $2.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 598,357 shares traded hands. MDU Resources Group Inc (NYSE:MDU) has risen 34.69% since March 28, 2016 and is uptrending. It has outperformed by 29.98% the S&P500.

Analysts await MDU Resources Group Inc (NYSE:MDU) to report earnings on November, 7. They expect $0.43 EPS, up 13.16% or $0.05 from last year’s $0.38 per share. MDU’s profit will be $83.55M for 15.11 P/E if the $0.43 EPS becomes a reality. After $0.24 actual EPS reported by MDU Resources Group Inc for the previous quarter, Wall Street now forecasts 79.17% EPS growth.

MDU Resources Group Inc (NYSE:MDU) Ratings Coverage

Out of 3 analysts covering MDU Resources (NYSE:MDU), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. MDU Resources has been the topic of 5 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, May 31, the company rating was upgraded by Argus Research.

According to Zacks Investment Research, “MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services.”

Insitutional Activity: The institutional sentiment increased to 1.6 in Q2 2016. Its up 0.09, from 1.51 in 2016Q1. The ratio is positive, as 24 funds sold all MDU Resources Group Inc shares owned while 70 reduced positions. 46 funds bought stakes while 104 increased positions. They now own 121.51 million shares or 1.38% more from 119.86 million shares in 2016Q1.
Voya Llc has invested 0% of its portfolio in MDU Resources Group Inc (NYSE:MDU). Cohen Cap Mgmt Inc reported 26,324 shares or 0.18% of all its holdings. State Of New Jersey Common Pension Fund D accumulated 0.01% or 100,000 shares. Great West Life Assurance Com Can holds 0% of its portfolio in MDU Resources Group Inc (NYSE:MDU) for 65,773 shares. Buckingham Asset Management Limited Liability Corporation has 27,066 shares for 0.22% of their US portfolio. Blackrock Fund Advsr has 6.71M shares for 0.04% of their US portfolio. Tiaa Cref Inv Mgmt Ltd Co holds 0.02% or 1.02 million shares in its portfolio. Matarin Capital Management Ltd Co holds 0% of its portfolio in MDU Resources Group Inc (NYSE:MDU) for 270,532 shares. First Manhattan Com has 0.04% invested in the company for 279,425 shares. Ameriprise Finance reported 502,283 shares or 0.01% of all its holdings. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 90,762 shares. Finemark Comml Bank Trust accumulated 0% or 169 shares. The New York-based Clearbridge Investments Limited has invested 0% in MDU Resources Group Inc (NYSE:MDU). Royal London Asset Mgmt Ltd last reported 0.03% of its portfolio in the stock. First Republic Invest Management Inc accumulated 26,788 shares or 0.01% of the stock.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 10 sales for $7.03 million net activity. Another trade for 30,000 shares valued at $703,179 was made by EVERIST THOMAS S on Thursday, August 18.

Another recent and important MDU Resources Group Inc (NYSE:MDU) news was published by Nasdaq.com which published an article titled: “MDU Resources Group (MDU) Passes Through 3% Yield Mark” on October 04, 2016.

MDU Company Profile

MDU Resources Group, Inc., incorporated on March 14, 1924, is a diversified natural resource company. The Company’s divisions include Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services and Refining. Montana-Dakota Utilities Co. (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution divisions, generates, transmits and distributes electricity and distributes natural gas in Montana, North Dakota, South Dakota and Wyoming. The Company, through Cascade Natural Gas Corporation (Cascade) distributes natural gas in Oregon and Washington. The Company, through Intermountain Gas Company (Intermountain) distributes natural gas in Idaho. Great Plains Natural Gas Co. (Great Plains) is a public utility division of the Company. Great Plains distributes natural gas in western Minnesota and southeastern North Dakota.

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