MDU Resources Group (NYSE: MDU) announced its earnings results on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07, StockRatingsNetwork reports. The company had revenue of $931.60 million for the quarter, compared to the consensus estimate of $899.30 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis.
A number of analysts have recently weighed in on MDU shares. Analysts at Morgan Stanley raised their price target on shares of MDU Resources Group from $25.00 to $26.00 in a research note to investors on Friday, March 15th. They now have an “equal weight” rating on the stock. Analysts at Williams Capital upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 13th. They now have a $27.00 price target on the stock, up previously from $24.00.
Shares of MDU Resources Group (NYSE: MDU) opened at 24.95 on Wednesday. MDU Resources Group has a one year low of $19.59 and a one year high of $25.00. The stock’s 50-day moving average is currently $24.41. The company’s market cap is $4.711 billion.
MDU Resources Group, Inc. is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE: MDU), a public utility division of the Company, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas in Montana, North Dakota, South Dakota and Wyoming.