D.A. Davidson Reiterates a Hold Rating on Mdu Res Group Inc

By Carrie Williams

In a report issued on November 4, Brent Thielman from D.A. Davidson reiterated a Hold rating on Mdu Res Group Inc (NYSE: MDU). The company’s shares opened today at $25.94, close to its 52-week high of $26.25.

Thielman wrote:

“We will have additional comments following the conference call with management scheduled for Thursday, November 4th, at 10:00 AM ET/7:00 AM PT.”

According to TipRanks.com, Thielman is a 1-star analyst with an average return of -1.5% and a 38.7% success rate. Thielman covers the Industrial Goods sector, focusing on stocks such as Martin Marietta Materials, Mueller Water Products, and Eagle Materials Inc.

Mdu Res Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $28.

Based on Mdu Res Group Inc’s latest earnings report from June 30, the company posted quarterly revenue of $1.04B and quarterly net profit of -$109.2M. In comparison, last year the company earned revenue of $1.28B and had a net profit of -$139.4M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2015, Doran Schwartz, the VP & CFO of MDU bought 1,500 shares for a total of $34,095.

MDU Resources Group, Inc. engages in the provision of natural resource products and related services to energy and transportation infrastructure. It operates through the following segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services, Refining, and Other. The Electric segment generates, transmits and distributes electricity in Montana, North Dakota, South Dakota and Wyoming. The Natural Gas Distribution segment distributes natural gas in Montana, North Dakota, South Dakota, Wyoming, Idaho, Minnesota, Oregon, and Washington. The Pipeline and Midstream segment provides natural gas transportation, underground storage, processing and gathering services, as well as oil gathering, through regulated and non-regulated pipeline systems and processing facilities primarily in the Rocky Mountain and northern Great Plains regions. The Construction Materials and Contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mixed concrete, cement, asphalt, liquid asphalt and other value-added products. It also performs integrated contracting services. The Construction Services segment provides utility construction services specializing in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization. It also offers utility excavation and inside electrical and mechanical services, and manufactures and distributes transmission line construction equipment and other supplies. The Refining segment refines crude oil and produces and sells diesel fuel, naphtha, atmospheric tower bottoms, and other by-products of the production process. The Other segment includes the activities of Centennial Capital, which insures various types of risks as a captive insurer for certain of the firm’s subsidiaries. The company was founded by C. C. Yawkey, R.M. Heskett and Walter Alexander on March 14, 1924 and is headquartered in Bismarck, ND.