MDU Resources Group, Inc. which can be found using ticker (MDU) now have 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 39 and 29 calculating the average target price we see $33.75. Given that the stocks previous close was at $29.83 this would imply there is now a potential upside of 13.1%. The 50 day MA is $30.38 and the 200 moving average now moves to $29.73. The market capitalization for the company is $6,078m. Company Website: https://www.mdu.com
The potential market cap would be $6,877m based on the market consensus.
MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 84 transmission and 294 distribution substations. The Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers related value-added services. The Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. The Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt; supplies ready-mixed concrete; and sells cement, finished concrete products, merchandise and other building materials, and related contracting services. The Construction Services segment constructs and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping, and services; overhead and underground electrical, gas, and communication infrastructure construction and maintenance services; and manufactures and distributes transmission lines construction equipment and tools. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
The company has a dividend yield of 2.98% with the ex dividend date set at 8-3-2023 (DMY).
Other points of data to note are a P/E ratio of 16.49, revenue per share of 34.29 and a 3.91% return on assets.
