MDU Resources Group (MDU) : During the past 4 weeks, traders have been relatively bearish on MDU Resources Group (MDU), hence the stock is down -3.36% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.48% relative to the S&P 500. The 4-week change in the price of the stock is -2.36% and the stock has fallen -0.42% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 0.46%. MDU Resources Group (NYSE:MDU): stock turned positive on Friday. Though the stock opened at $23.38, the bulls momentum made the stock top out at $23.815 level for the day. The stock recorded a low of $23.38 and closed the trading day at $23.56, in the green by 1.16%. The total traded volume for the day was 614,491. The stock had closed at $23.29 in the previous days trading.
The company Insiders own 1.1% of MDU Resources Group shares according to the proxy statements. Institutional Investors own 62.7% of MDU Resources Group shares. Also, In a research note released to the investors, Argus Research upgrades its rating on MDU Resources Group (NYSE:MDU).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. In a recent information released to the investors, Argus Research announces the price target of $26 per share. The rating by the firm was issued on May 31, 2016.
MDU Resources Group, Inc. is a natural resource company. The Companys 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.