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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The single greatest medical breakthrough of all time? (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
BREAKING: Tiny biotech successfully treats blindness (Ad)
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3 Stocks That Really, Really Need the Defense Bill to Pass
BREAKING: Tiny biotech successfully treats blindness (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The single greatest medical breakthrough of all time? (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
BREAKING: Tiny biotech successfully treats blindness (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
The single greatest medical breakthrough of all time? (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
BREAKING: Tiny biotech successfully treats blindness (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
NYSE:NJR

New Jersey Resources (NJR) Stock Forecast, Price & News

$41.35
-1.02 (-2.41%)
(As of 09/26/2023 ET)
Compare
Today's Range
$41.28
$42.20
50-Day Range
$41.34
$46.66
52-Week Range
$38.07
$55.84
Volume
848,084 shs
Average Volume
568,768 shs
Market Capitalization
$4.03 billion
P/E Ratio
14.26
Dividend Yield
4.06%
Price Target
$47.25

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.3% Upside
$47.25 Price Target
Short Interest
Healthy
2.53% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of New Jersey Resources in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.49%
From $2.69 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Utilities Sector

33rd out of 84 stocks

Natural Gas Distribution Industry

4th out of 10 stocks


NJR stock logo

About New Jersey Resources (NYSE:NJR) Stock

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

NJR Price History

NJR Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
New Jersey Resources Q3 2023 Earnings Preview
New Jersey Resources (NJR) Q3 Earnings Top Estimates
New Jersey Resources earnings preview: what Wall Street is expecting
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See More Headlines
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NJR Company Calendar

Ex-Dividend for 7/3 Dividend
6/13/2023
Dividend Payable
7/03/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/2 Dividend
9/19/2023
Today
9/26/2023
Fiscal Year End
9/30/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
11/16/2023

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,288
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.25
High Stock Price Forecast
$49.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$274.92 million
Pretax Margin
13.88%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$3.78 per share
Book Value
$18.88 per share

Miscellaneous

Free Float
96,860,000
Market Cap
$4.08 billion
Optionable
Optionable
Beta
0.63
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Key Executives

  • Mr. Stephen D. WesthovenMr. Stephen D. Westhoven (Age 55)
    Pres, CEO & Director
    Comp: $2.36M
  • Mr. Roberto F. Bel (Age 50)
    Sr. VP, CFO & Principal Financial Officer
    Comp: $685.51k
  • Mr. Richard Reich (Age 49)
    Sr. VP & Gen. Counsel
    Comp: $640.22k
  • Mr. Patrick J. MigliaccioMr. Patrick J. Migliaccio (Age 49)
    Sr. VP & COO of New Jersey Natural Gas
    Comp: $872.79k
  • Ms. Amy Cradic (Age 51)
    Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs
    Comp: $762.76k
  • Mr. Stephen Skrocki (Age 47)
    Principal Accounting Officer
  • Ms. Jacqueline K. Shea (Age 59)
    Sr. VP & Chief Information Officer
  • Mr. Adam Prior
    Director of Investor Relations
  • Mr. David Johnson (Age 54)
    VP of Corp. Bus. Devel.
  • Ms. Lori DelGiudice
    Sr. VP of HR













NJR Stock - Frequently Asked Questions

Should I buy or sell New Jersey Resources stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NJR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NJR, but not buy additional shares or sell existing shares.
View NJR analyst ratings
or view top-rated stocks.

What is New Jersey Resources' stock price forecast for 2023?

3 brokers have issued 12 month target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $49.00. On average, they anticipate the company's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
View analysts price targets for NJR
or view top-rated stocks among Wall Street analysts.

How have NJR shares performed in 2023?

New Jersey Resources' stock was trading at $49.62 at the beginning of 2023. Since then, NJR shares have decreased by 15.7% and is now trading at $41.81.
View the best growth stocks for 2023 here
.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,600,000 shares, a decrease of 26.1% from the July 31st total of 3,520,000 shares. Based on an average daily trading volume, of 661,000 shares, the short-interest ratio is currently 3.9 days.
View New Jersey Resources' Short Interest
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) posted its earnings results on Thursday, August, 3rd. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.13. The utilities provider had revenue of $264.10 million for the quarter, compared to the consensus estimate of $546.21 million. New Jersey Resources had a net margin of 11.77% and a trailing twelve-month return on equity of 14.49%. New Jersey Resources's revenue was down 52.2% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share.

How often does New Jersey Resources pay dividends? What is the dividend yield for New Jersey Resources?

New Jersey Resources declared a quarterly dividend on Wednesday, July 12th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.39 per share on Monday, October 2nd. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date is Tuesday, September 19th.
Read our dividend analysis for NJR
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.96%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

When did New Jersey Resources' stock split?

Shares of New Jersey Resources split before market open on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly issued shares were distributed to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has New Jersey Resources issued on next quarter's earnings?

New Jersey Resources updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided earnings per share (EPS) guidance of $2.62-$2.72 for the period, compared to the consensus earnings per share estimate of $2.67. The company issued revenue guidance of -.

What is Laurence M. Downes' approval rating as New Jersey Resources' CEO?

10 employees have rated New Jersey Resources Chief Executive Officer Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among the company's employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of New Jersey Resources own?
What is New Jersey Resources' stock symbol?

New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."

Who are New Jersey Resources' major shareholders?

New Jersey Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.74%), State Street Corp (8.77%), Dimensional Fund Advisors LP (2.81%), Wells Fargo & Company MN (2.72%), Geode Capital Management LLC (1.99%) and Bank of New York Mellon Corp (1.50%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Stephen D Westhoven and Timothy F Shea.
View institutional ownership trends
.

How do I buy shares of New Jersey Resources?

Shares of NJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Jersey Resources' stock price today?

One share of NJR stock can currently be purchased for approximately $41.81.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.08 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.90 on an earnings per share basis.

How many employees does New Jersey Resources have?

The company employs 1,288 workers across the globe.

How can I contact New Jersey Resources?

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154.

This page (NYSE:NJR) was last updated on 9/27/2023 by MarketBeat.com Staff

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