Argus Research Downgrades MDU Resources Group Inc to Hold

Brokerage firm Argus Research Downgrades its rating on MDU Resources Group Inc(MDU). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Argus Research was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, UBS said it Initiates Coverage On MDU Resources Group Inc, according to a research note issued on Dec 20, 2016. The shares have been rated ‘Neutral’ by the firm.

MDU Resources Group Inc (MDU) made into the market gainers list on Wednesdays trading session with the shares advancing 0.79% or 0.21 points. Due to strong positive momentum, the stock ended at $26.73, which is also near the day’s high of $26.92. The stock began the session at $26.55 and the volume stood at 13,79,757 shares. The 52-week high of the shares is $29.92 and the 52 week low is $17.46. The company has a current market capitalization of $5,220 M and it has 19,53,04,380 shares in outstanding.

MDU Resources Group Inc(MDU) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.016B. Analysts had an estimated revenue of $1.130B. Earnings per share were $0.33. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2016, Patricia L Moss (director) sold 4,050 shares at $28.30 per share price.Also, On Aug 25, 2016, Thomas S Everist (director) sold 30,000 shares at $23.43 per share price.On Feb 27, 2015, Doran N Schwartz (CFO) purchased 1,500 shares at $22.74 per share price, according to the Form-4 filing with the securities and exchange commission.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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