Technical Outlook And Game Plan For MDU Resources Group Inc (NYSE: MDU)

MDU Resources Group Inc (MDU) concluded trading on Thursday at a closing price of $18.45, with 2.95 million shares of worth about $54.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.55% during that period and on January 16, 2025 the price saw a gain of about 2.33%. Currently the company’s common shares owned by public are about 203.89M shares, out of which, 198.28M shares are available for trading.

Stock saw a price change of 2.22% in past 5 days and over the past one month there was a price change of -2.12%. Year-to-date (YTD), MDU shares are showing a performance of 2.39% which increased to 74.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.41 but also hit the highest price of $20.39 during that period. The average intraday trading volume for MDU Resources Group Inc shares is 2.65 million. The stock is currently trading 2.14% above its 20-day simple moving average (SMA20), while that difference is down -0.19% for SMA50 and it goes to 20.24% higher than SMA200.

MDU Resources Group Inc (NYSE: MDU) currently have 203.89M outstanding shares and institutions hold larger chunk of about 75.88% of that.

The stock has a current market capitalization of $3.76B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 9.50, while it has posted earnings per share of $1.94 in the same period. Its PEG reads 1.14 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MDU, volatility over the week remained 1.94% while standing at 2.12% over the month.

Stock’s fiscal year EPS is expected to rise by 48.91% while it is estimated to decrease by -13.12% in next year. EPS is likely to grow at an annualized rate of 8.30% for next 5-years, compared to annual growth of 7.93% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on January 08, 2025 offering a Hold rating for the stock and assigned a target price of $18 to it. Coverage by BofA Securities stated MDU Resources Group Inc (MDU) stock as a Buy in their note to investors on November 05, 2024, suggesting a price target of $17 for the stock. On November 04, 2024, Siebert Williams Shank Upgrade their recommendations, while on October 21, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $31. Stock get a Buy rating from Argus on May 20, 2024.

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