Citi Maintains Buy Rating On MDU

MDU Resources Group Inc. MDU reported recurring EPS of $0.20 (ex. tax benefit) “versus our $0.25 estimate and the Street at $0.25,” Citi reports. “E&P, Construction Materials as well as the Electric Utility came in below our estimates, while Natural Gas distribution, Construction Services and the Pipeline & Energy Services segment beat our numbers. “MDU maintained '11 guidance of $1.05- $1.30p/s vs. our $1.32p/s estimate. We maintain our Buy / Medium Risk (1M) rating & $23.50 target, pending further analysis.” MDU Resources closed Monday at $23.92.