Mdu Resources Intrinsic Stock Value – NY Common Retirement Fund Decreases Holdings in MDU Resources by 11% in Q1
August 8, 2023
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The New York State Common Retirement Fund (NYSCRF) recently announced that it has decreased its holdings in MDU ($NYSE:MDU) Resources Group, Inc. (MDU Resources) by 11.0% in the first quarter of this year. MDU Resources is a publicly traded company that operates in the energy, construction materials and services, and pipeline transportation industries. It has a portfolio of regulated utilities, exploration and production activities, construction services, and pipeline transportation businesses. The NYSCRF’s decision to reduce its holdings in MDU Resources is reflective of a wider trend of divestment from fossil fuel companies. This comes as many environmental organizations are increasingly advocating for a shift away from investments in carbon-intensive businesses, in order to tackle the climate crisis and reduce global emissions.
Nevertheless, MDU Resources has been able to maintain its financial performance despite the decrease in its stock holdings from the NYSCRF. Despite the NYSCRF’s decision to reduce its holdings in MDU Resources, the company remains a key player in the energy industry. It is committed to providing reliable and affordable energy solutions to its customers across the United States and continues to invest in clean energy sources that are essential for the transition to a low-carbon economy.
Analysis – Mdu Resources Intrinsic Stock Value
GoodWhale analysed the financials of MDU RESOURCES and found that the intrinsic value of the company’s shares is approximately $23.7. This number was calculated using our proprietary Valuation Line, which helps us to determine a fair price for a company. Currently, MDU RESOURCES shares are trading at a price of $21.4, meaning these shares are undervalued by a figure of 9.6%. Therefore, investors could consider investing in MDU RESOURCES shares at this current point in time, as they may experience a return on their investment in the future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mdu Resources. More…
| Total Revenues | Net Income | Net Margin |
| 6.36k | 434.06 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mdu Resources. More…
| Operations | Investing | Financing |
| 465.71 | -624.46 | 154.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mdu Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.84k | 6.27k | 17.56 |
Key Ratios Snapshot
Some of the financial key ratios for Mdu Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 4.4% | 12.0% |
| FCF Margin | ROE | ROA |
| 1.6% | 13.3% | 4.8% |
Peers
In the race to dominate the energy market, MDU Resources Group Inc is up against some stiff competition. ENN Natural Gas Co Ltd, Mammoth Energy Services Inc, and Hydrogen Engine Center Inc are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. While MDU Resources Group Inc may have the advantage in some areas, it will need to be vigilant in order to stay ahead of its competitors.
– ENN Natural Gas Co Ltd ($SHSE:600803)
China Natural Gas Co Ltd is a leading provider of natural gas in China. The company has a market capitalization of $53.98 billion and a return on equity of 56.96%. China Natural Gas is engaged in the exploration, production, transmission, and distribution of natural gas. The company has a strong presence in China’s major gas markets, including Beijing, Shanghai, Guangdong, and Chongqing.
– Mammoth Energy Services Inc ($NASDAQ:TUSK)
Mammoth Energy Services Inc is a provider of oilfield services and equipment in the United States. The company has a market cap of 198.24M as of 2022 and a return on equity of -7.25%. Mammoth Energy Services Inc provides a range of services and products to exploration and production companies, including drilling, completion, and intervention services, as well as pressure pumping, coiled tubing, and other ancillary services. The company also manufactures and sells a variety of oilfield equipment, including drill bits, downhole motors, and other drilling tools.
– Hydrogen Engine Center Inc ($OTCPK:HYEG)
Hydrogen Engine Center, Inc., through its subsidiaries, engages in the development and commercialization of hydrogen engines and related technologies. The company’s products include internal combustion engines, fuel cells, and microturbines that run on hydrogen and other renewable fuels. It serves original equipment manufacturers, integrators, and end-users in the transportation, stationary power, and portable power markets in the United States and internationally.
Summary
The New York State Common Retirement Fund has recently decreased its investment in MDU Resources Group, Inc. by 11% in the first quarter of this year. This suggests that the fund is reducing its exposure to the company due to a potential change in sentiment towards the stock. Analysts will likely be monitoring MDU Resources Group’s stock performance to better understand how investors are reacting to any recent news or events. Additionally, investors may research the company’s fundamentals such as its financials, management, and competitive landscape to make an informed decision on whether to invest.
