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Industrials - Conglomerates - NYSE - US
$ 18.34
2.52 %
$ 3.74 B
Market Cap
9.45
P/E
1. INTRINSIC VALUE

MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services.[ Read More ]

The intrinsic value of one MDU stock under the base case scenario is HIDDEN Compared to the current market price of 18.3 USD, MDU Resources Group, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MDU

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FINANCIALS
4.66 B REVENUE
-33.22%
426 M OPERATING INCOME
-25.79%
415 M NET INCOME
12.91%
333 M OPERATING CASH FLOW
-34.78%
-541 M INVESTING CASH FLOW
15.36%
205 M FINANCING CASH FLOW
31.84%
1.05 B REVENUE
0.28%
90.8 M OPERATING INCOME
1.18%
64.5 M NET INCOME
6.45%
138 M OPERATING CASH FLOW
1.05%
-156 M INVESTING CASH FLOW
-31.80%
25.8 M FINANCING CASH FLOW
304.33%
Balance Sheet Decomposition MDU Resources Group, Inc.
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Current Assets 1.36 B
Cash & Short-Term Investments 48.9 M
Receivables 943 M
Other Current Assets 372 M
Non-Current Assets 6.47 B
Long-Term Investments 124 M
PP&E 5.2 B
Other Non-Current Assets 1.15 B
Current Liabilities 1.08 B
Accounts Payable 248 M
Short-Term Debt 202 M
Other Current Liabilities 626 M
Non-Current Liabilities 3.85 B
Long-Term Debt 2.29 B
Other Non-Current Liabilities 1.56 B
EFFICIENCY
Earnings Waterfall MDU Resources Group, Inc.
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Revenue 4.66 B
Cost Of Revenue 4.04 B
Gross Profit 622 M
Operating Expenses 196 M
Operating Income 426 M
Other Expenses 11.3 M
Net Income 415 M
RATIOS
13.36% GROSS MARGIN
13.36%
9.15% OPERATING MARGIN
9.15%
8.90% NET MARGIN
8.90%
14.27% ROE
14.27%
5.29% ROA
5.29%
7.12% ROIC
7.12%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis MDU Resources Group, Inc.
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Net Income 415 M
Depreciation & Amortization 214 M
Capital Expenditures -520 M
Stock-Based Compensation 6.31 M
Change in Working Capital -10 M
Others -304 M
Free Cash Flow -187 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets MDU Resources Group, Inc.
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Wall Street analysts predict an average 1-year price target for MDU of $31 , with forecasts ranging from a low of $31 to a high of $31 .
MDU Lowest Price Target Wall Street Target
31 USD 69.03%
MDU Average Price Target Wall Street Target
31 USD 69.03%
MDU Highest Price Target Wall Street Target
31 USD 69.03%
4. DIVIDEND ANALYSIS
0.82% DIVIDEND YIELD
0.13 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership MDU Resources Group, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
932 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 months ago
May 07, 2024
Bought 924 K USD
Johnson Rob L.
President-WBI Holdings
+ 36291.0479
25.46 USD
8 months ago
Mar 12, 2024
Bought 8.46 K USD
Rosenthal Dale
Director
+ 375
22.55 USD
3 years ago
Jun 14, 2021
Sell 588 K USD
EVERIST THOMAS S
Director
- 17795
33.036 USD
3 years ago
Jun 11, 2021
Sell 246 K USD
Kivisto Nicole A
President & CEO-Montana-Dakota
- 7410
33.259 USD
3 years ago
Jun 09, 2021
Sell 33.5 USD
EVERIST THOMAS S
Director
- 1
33.5 USD
3 years ago
Jun 08, 2021
Sell 248 K USD
Kivisto Nicole A
President & CEO-Montana-Dakota
- 7410
33.5117 USD
3 years ago
Jun 08, 2021
Sell 1.68 M USD
EVERIST THOMAS S
Director
- 50000
33.514 USD
3 years ago
Jun 07, 2021
Sell 2.53 M USD
EVERIST THOMAS S
Director
- 75000
33.703 USD
3 years ago
Jun 04, 2021
Sell 2.4 M USD
EVERIST THOMAS S
Director
- 70678
33.9705 USD
4 years ago
Nov 11, 2020
Bought 9.97 K USD
Vollmer Jason L
VP, CFO & Treasurer
+ 400
24.926 USD
4 years ago
Nov 11, 2020
Bought 15 K USD
Vollmer Jason L
VP, CFO & Treasurer
+ 600
24.925 USD
4 years ago
Aug 20, 2020
Bought 45 K USD
SPARBY DAVID M
Director
+ 2000
22.52 USD
4 years ago
May 18, 2020
Bought 107 K USD
Link Margaret A
VP and CIO
+ 5000
21.3897 USD
4 years ago
May 12, 2020
Bought 26.9 K USD
Barth Stephanie A
VP, CAO & Controller
+ 1278
21.0682 USD
4 years ago
May 14, 2020
Bought 94 K USD
JOHNSON DENNIS W
Director
+ 5000
18.795 USD
4 years ago
May 14, 2020
Bought 29.9 K USD
Barney David C
President & CEO-Knife River
+ 1500
19.95 USD
4 years ago
May 13, 2020
Bought 80.6 K USD
SPARBY DAVID M
Director
+ 4000
20.16 USD
4 years ago
May 13, 2020
Bought 19.6 K USD
Vollmer Jason L
VP, CFO & Treasurer
+ 1000
19.615 USD
4 years ago
May 12, 2020
Bought 101 K USD
Goodin David L
President & CEO
+ 5000
20.164 USD
4 years ago
Mar 09, 2020
Bought 5.46 K USD
Vollmer Jason L
VP, CFO & Treasurer
+ 200
27.315 USD
4 years ago
Mar 09, 2020
Bought 27.3 K USD
Vollmer Jason L
VP, CFO & Treasurer
+ 1000
27.31 USD
5 years ago
May 30, 2019
Bought 49.6 K USD
Ryan Edward A
Director
+ 2000
24.81 USD
5 years ago
May 30, 2019
Bought 37.2 K USD
Ryan Edward A
Director
+ 1500
24.8 USD
5 years ago
May 30, 2019
Bought 44.6 K USD
Goodin David L
Pres. and CEO-MDU Resources
+ 1824
24.45 USD
5 years ago
May 30, 2019
Bought 77.6 K USD
Goodin David L
Pres. and CEO-MDU Resources
+ 3176
24.445 USD
5 years ago
May 17, 2019
Bought 63 K USD
SPARBY DAVID M
Director
+ 2500
25.2 USD
5 years ago
Mar 14, 2019
Bought 77.2 K USD
SPARBY DAVID M
Director
+ 3000
25.75 USD
6 years ago
Mar 13, 2018
Bought 10.2 K USD
Barth Stephanie A
VP, CAO & Controller
+ 377
27.07 USD
7 years ago
Aug 11, 2017
Bought 128 K USD
Goodin David L
Pres. and CEO-MDU Resources
+ 5000
25.574 USD
7 years ago
Nov 29, 2016
Sell 115 K USD
MOSS PATRICIA L
Director
- 4050
28.3 USD
8 years ago
Aug 24, 2016
Sell 703 K USD
EVERIST THOMAS S
Director
- 30000
23.4351 USD
8 years ago
Aug 23, 2016
Sell 710 K USD
EVERIST THOMAS S
Director
- 30000
23.6831 USD
8 years ago
Aug 22, 2016
Sell 708 K USD
EVERIST THOMAS S
Director
- 30000
23.5844 USD
8 years ago
Aug 19, 2016
Sell 702 K USD
EVERIST THOMAS S
Director
- 30000
23.3973 USD
8 years ago
Aug 18, 2016
Sell 703 K USD
EVERIST THOMAS S
Director
- 30000
23.4393 USD
8 years ago
Aug 17, 2016
Sell 695 K USD
EVERIST THOMAS S
Director
- 30000
23.1598 USD
8 years ago
Aug 16, 2016
Sell 694 K USD
EVERIST THOMAS S
Director
- 30000
23.1423 USD
8 years ago
Aug 15, 2016
Sell 711 K USD
EVERIST THOMAS S
Director
- 30000
23.705 USD
8 years ago
Aug 12, 2016
Sell 708 K USD
EVERIST THOMAS S
Director
- 30000
23.614 USD
8 years ago
Aug 11, 2016
Sell 700 K USD
EVERIST THOMAS S
Director
- 30000
23.3193 USD
9 years ago
Feb 26, 2015
Bought 34.1 K USD
Schwartz Doran N
VP and CFO
+ 1500
22.7361 USD
9 years ago
Feb 25, 2015
Bought 9.92 K USD
NORLAND CYNTHIA J
VP - Administration
+ 430
23.0792 USD
9 years ago
Feb 18, 2015
Bought 21.8 K USD
Schwartz Doran N
VP and CFO
+ 1000
21.8499 USD
9 years ago
Feb 17, 2015
Bought 108 K USD
Goodin David L
Pres. & CEO-MDU Resources
+ 5000
21.62 USD
10 years ago
Aug 13, 2014
Sell 33.6 USD
NORLAND CYNTHIA J
VP - Administration
- 1.095
30.68 USD
10 years ago
May 12, 2014
Sell 104 K USD
Morehouse Kenneth Frank
President & CEO-Montana-Dakota
- 3000
34.7857 USD
10 years ago
May 12, 2014
Sell 190 K USD
JOHNSON DENNIS W
Director
- 5467
34.7832 USD
10 years ago
May 12, 2014
Sell 346 K USD
SANDNESS PAUL K
General Counsel and Secretary
- 10034.0584
34.49 USD
10 years ago
May 12, 2014
Sell 618 K USD
NORLAND CYNTHIA J
VP - Administration
- 17925.9549
34.49 USD
10 years ago
Feb 21, 2014
Sell 68.2 K USD
Mahowald Douglass A
Treasurer & Asst. Secretary
- 1972.5183
34.55 USD
10 years ago
Feb 21, 2014
Sell 45.2 K USD
Connors William R
VP - Renewable Resources
- 1300
34.733 USD
10 years ago
Feb 21, 2014
Sell 13.9 K USD
Connors William R
VP - Renewable Resources
- 400
34.74 USD
10 years ago
Feb 21, 2014
Sell 13.9 K USD
Connors William R
VP - Renewable Resources
- 400
34.75 USD
10 years ago
Feb 21, 2014
Sell 3.48 K USD
Connors William R
VP - Renewable Resources
- 100
34.76 USD
10 years ago
Feb 20, 2014
Sell 19.9 K USD
Mahowald Douglass A
Treasurer & Asst. Secretary
- 570
34.91 USD
10 years ago
Feb 20, 2014
Sell 41.9 K USD
Mahowald Douglass A
Treasurer & Asst. Secretary
- 1200
34.922 USD
10 years ago
Feb 19, 2014
Sell 354 K USD
Bietz Steven L
Pres. & CEO - WBI Energy, Inc.
- 10257
34.5149 USD
11 years ago
Aug 08, 2013
Sell 223 K USD
JOHNSON DENNIS W
Director
- 7700
29.0018 USD
11 years ago
Aug 08, 2013
Sell 223 K USD
JOHNSON DENNIS W
Director
- 7700
29.0018 USD
11 years ago
Jun 25, 2013
Bought 7.88 K USD
Kivisto Nicole A
VP, Controller & CAO
+ 315
25.024 USD
11 years ago
Jun 25, 2013
Bought 2.5 K USD
Kivisto Nicole A
VP, Controller & CAO
+ 100
25.025 USD
11 years ago
Jun 25, 2013
Bought 2.5 K USD
Kivisto Nicole A
VP, Controller & CAO
+ 100
25.03 USD
11 years ago
Jun 21, 2013
Bought 36.8 K USD
Schwartz Doran N
VP and CFO
+ 1500
24.52 USD
11 years ago
Jun 20, 2013
Bought 2.45 K USD
Schwartz Doran N
VP and CFO
+ 100
24.51 USD
11 years ago
Jun 20, 2013
Bought 34.3 K USD
Schwartz Doran N
VP and CFO
+ 1400
24.52 USD
11 years ago
Jun 20, 2013
Bought 122 K USD
Goodin David L
Pres. & CEO-MDU Resources
+ 5000
24.4 USD
11 years ago
Jun 18, 2013
Sell 764 K USD
EVERIST THOMAS S
Director
- 30000
25.4727 USD
11 years ago
Jun 17, 2013
Sell 758 K USD
EVERIST THOMAS S
Director
- 30000
25.2694 USD
11 years ago
Jun 14, 2013
Sell 752 K USD
EVERIST THOMAS S
Director
- 30000
25.06 USD
11 years ago
Jun 13, 2013
Sell 751 K USD
EVERIST THOMAS S
Director
- 30000
25.0267 USD
11 years ago
Jun 12, 2013
Sell 752 K USD
EVERIST THOMAS S
Director
- 30000
25.0817 USD
11 years ago
Jun 11, 2013
Sell 760 K USD
EVERIST THOMAS S
Director
- 30000
25.3203 USD
11 years ago
Jun 10, 2013
Sell 766 K USD
EVERIST THOMAS S
Director
- 30000
25.5357 USD
11 years ago
Jun 07, 2013
Sell 758 K USD
EVERIST THOMAS S
Director
- 30000
25.2701 USD
11 years ago
Jun 06, 2013
Sell 754 K USD
EVERIST THOMAS S
Director
- 30000
25.133 USD
11 years ago
Jun 05, 2013
Sell 752 K USD
EVERIST THOMAS S
Director
- 30000
25.0557 USD
11 years ago
Jun 04, 2013
Sell 761 K USD
EVERIST THOMAS S
Director
- 30000
25.3804 USD
11 years ago
Jun 03, 2013
Sell 771 K USD
EVERIST THOMAS S
Director
- 30000
25.7118 USD
11 years ago
May 23, 2013
Sell 778 K USD
EVERIST THOMAS S
Director
- 30000
25.9261 USD
11 years ago
May 22, 2013
Sell 799 K USD
EVERIST THOMAS S
Director
- 30000
26.6455 USD
11 years ago
May 21, 2013
Sell 802 K USD
EVERIST THOMAS S
Director
- 30000
26.7177 USD
11 years ago
May 20, 2013
Sell 810 K USD
EVERIST THOMAS S
Director
- 30000
26.9899 USD
11 years ago
May 17, 2013
Sell 809 K USD
EVERIST THOMAS S
Director
- 30000
26.9825 USD
11 years ago
May 16, 2013
Sell 808 K USD
EVERIST THOMAS S
Director
- 30000
26.9486 USD
11 years ago
May 15, 2013
Sell 807 K USD
EVERIST THOMAS S
Director
- 30000
26.8891 USD
11 years ago
May 14, 2013
Sell 801 K USD
EVERIST THOMAS S
Director
- 30000
26.6903 USD
11 years ago
May 13, 2013
Sell 797 K USD
EVERIST THOMAS S
Director
- 30000
26.5639 USD
11 years ago
May 10, 2013
Sell 791 K USD
EVERIST THOMAS S
Director
- 30000
26.3821 USD
11 years ago
May 09, 2013
Sell 797 K USD
EVERIST THOMAS S
Director
- 30000
26.5773 USD
11 years ago
May 08, 2013
Sell 800 K USD
EVERIST THOMAS S
Director
- 30000
26.6781 USD
11 years ago
May 07, 2013
Sell 264 K USD
Bietz Steven L
Pres. & CEO - WBI Energy, Inc.
- 10000
26.3733 USD
11 years ago
May 07, 2013
Sell 796 K USD
EVERIST THOMAS S
Director
- 30000
26.5413 USD
11 years ago
May 07, 2013
Sell 39.8 K USD
JOHNSON DENNIS W
Director
- 1500
26.51 USD
11 years ago
May 07, 2013
Sell 7.96 K USD
JOHNSON DENNIS W
Director
- 300
26.52 USD
11 years ago
May 07, 2013
Sell 1 M USD
Schneider William E
EVP-Bakken Development
- 38000
26.35 USD
11 years ago
May 07, 2013
Sell 1 M USD
Schneider William E
EVP-Bakken Development
- 38000
26.35 USD
11 years ago
May 07, 2013
Sell 551 K USD
Schneider William E
EVP-Bakken Development
- 20900
26.36 USD
11 years ago
May 07, 2013
Sell 551 K USD
Schneider William E
EVP-Bakken Development
- 20900
26.36 USD
11 years ago
May 07, 2013
Sell 2.64 K USD
Schneider William E
EVP-Bakken Development
- 100
26.3702 USD
11 years ago
May 07, 2013
Sell 2.64 K USD
Schneider William E
EVP-Bakken Development
- 100
26.3702 USD
11 years ago
May 07, 2013
Sell 132 K USD
Schneider William E
EVP-Bakken Development
- 5000
26.41 USD
11 years ago
May 07, 2013
Sell 132 K USD
Schneider William E
EVP-Bakken Development
- 5000
26.41 USD
11 years ago
May 07, 2013
Sell 26.4 K USD
Schneider William E
EVP-Bakken Development
- 1000
26.4107 USD
11 years ago
May 07, 2013
Sell 26.4 K USD
Schneider William E
EVP-Bakken Development
- 1000
26.4107 USD
7. News
MDU Resources Welcomes Vernon Dosch to Board of Directors BISMARCK, N.D. , Nov. 14, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has elected Vernon A. prnewswire.com - 2 days ago
MDU Resources Announces Quarterly Dividend on Common Stock BISMARCK, N.D. , Nov. 14, 2024 /PRNewswire/ -- The board of directors of MDU Resources Group, Inc. (NYSE: MDU) today declared a quarterly dividend on the company's common stock of 13 cents per share, unchanged from the previous quarter. prnewswire.com - 2 days ago
MDU Resources Q3 Earnings Surpass Estimates, Revenues Up Y/Y MDU reports better-than-expected third-quarter earnings. Management raises its 2024 regulated energy delivery earnings upward. zacks.com - 1 week ago
MDU Resources Group, Inc. (MDU) Q3 2024 Earnings Call Transcript MDU Resources Group, Inc. (MDU) Q3 2024 Earnings Call Transcript seekingalpha.com - 1 week ago
MDU Resources Reports Strong Q3 Earnings, Increases 2024 Guidance Key Financial Highlights for Third Quarter 2024: Electric earnings of $24.3 million, an increase of 16.3% over third quarter 2023. Pipeline record third quarter earnings of $15.1 million, up 27.0% from the same quarter last year. prnewswire.com - 1 week ago
MDU Resources Completes Spinoff of Everus Construction Group BISMARCK, N.D. , Nov. 1, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced the successful completion of the spinoff of its construction services subsidiary, Everus Construction Group (NYSE: ECG). prnewswire.com - 2 weeks ago
Everus Construction Group Completes Spinoff From MDU Resources BISMARCK, N.D.--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) today announced the successful completion of its spinoff from MDU Resources Group, Inc. (NYSE: MDU). businesswire.com - 2 weeks ago
Everus Construction Group Set to Join S&P SmallCap 600 NEW YORK , Oct. 29, 2024 /PRNewswire/ -- Everus Construction Group Inc. (NYSE: ECG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (NYSE: CLW), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group Inc. (NYSE: MDU) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. prnewswire.com - 2 weeks ago
MDU Resources: A Hidden Gem Powering Strong Returns And Growth MDU Resources offers strong potential with its diversified utility, pipeline, and construction services, providing steady revenue and growth opportunities. The company's focus on core utilities going forward enhances its financial stability and growth prospects, along with promising pipeline expansions. MDU's pipeline segment has shown significant earnings growth, supported by strategic expansions and increasing storage revenue. seekingalpha.com - 4 weeks ago
Everus Construction Group Holding Investor and Analyst Information Event Today at NYSE BISMARCK, N.D. , Oct. 17, 2024 /PRNewswire/ -- Everus Construction Group, an industry-leading construction services provider, will hold an analyst and investor day at 10 a.m. prnewswire.com - 1 month ago
4 Gas Distribution Stocks to Watch From a Muted Industry Despite near-term weak prospects of the Gas distribution industry, stocks like ATO, UGI, MDU, and NJR, with their systematic investments to strengthen operations and rising earnings estimates, warrant a look. zacks.com - 1 month ago
MDU Resources to Webcast Third Quarter 2024 Earnings Conference Call BISMARCK, N.D. , Oct. 10, 2024 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) will webcast its third quarter 2024 earnings conference call at 2 p.m. prnewswire.com - 1 month ago
8. Profile Summary

MDU Resources Group, Inc. MDU

image
COUNTRY US
INDUSTRY Conglomerates
MARKET CAP $ 3.74 B
Dividend Yield 0.82%
Description MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
Contact 1200 West Century Avenue, Bismarck, ND, 58506-5650 https://www.mdu.com
IPO Date Nov. 5, 1987
Employees 9145
Officers Mr. Jon B. Hunke Vice President of Accounting & Enterprise information Technology - Everus Construction Ms. Stephanie A. Sievert Vice President, Chief Accounting Officer & Controller Ms. Margaret A Link Vice President & Chief Information Officer Laura Lueder Manager of Communications & Public Affairs Mr. Anthony Donald Foti Chief Legal Officer & Corporate Secretary Mr. Thomas D. Nosbusch Executive Vice President of Everus Construction Mr. Jeffrey S. Thiede President & Chief Executive Officer of Everus Construction Group Ms. Nicole A. Kivisto President, Chief Executive Officer & Director Ms. Anne M. Jones Vice President & Chief Human Resources Officer Mr. Jason L. Vollmer Vice President, Chief Financial Officer & Treasurer